SANTA CLARA, CA, US – MARCH 13: People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s colla...
Tag: Asia Economy
OECD says global economic outlook ‘slightly better’ for 2023
People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the globa...
HSBC reports Q4, full year 2022 earnings
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images HSBC on Tuesday reported fourth-quarter ...
MSCI delays weighting cuts for two Adani companies, cites ‘replicability’ concerns
Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Image...
Where are Chinese travelers going? Thailand and more in Southeast Asia
In a survey last year, Chinese travelers said that they were most interested in visiting Europe, Australia, Canada, Japan and South Korea. But that’s not where they’re going — at least not...
Singapore drops pre-departure requirements for travelers, further eases mask rules
People gather outside the ArtScience Museum at Marina Bay Sands in Singapore on January 17, 2023. (Photo by Roslan RAHMAN / AFP) (Photo by ROSLAN RAHMAN/AFP via Getty Images) Roslan Rahman | Afp | Get...
Where will White Lotus be filmed next — Maldives, Japan or Thailand
When the HBO black comedy “The White Lotus” premiered in the summer of 2021, it took viewers to Hawaii’s sunny Maui. It was a perfectly timed pandemic escape full of intrigue, satire...
Luxury stocks rally as China reopens, but consumers may shop ‘in-house’
A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free store in Haikou, south China’s Hainan Province, January 15, 2022. Zhou Huimin...
Here’s where mainland Chinese traveled overseas for the Lunar New Year
BEIJING — Travelers from mainland China stuck close to home in Asia during the Lunar New Year, the first holiday after Beijing relaxed its Covid-related border controls. Hong Kong and Macao were the m...
China should set aside political issues on vaccine imports, CEO says
China needs to move past political considerations and look at importing Covid-19 jabs to end the pandemic globally, according to the chief executive of the world’s latest vaccine manufacturer. &...
China’s reopening overwhelmingly positive to tackle inflation
OECD Secretary-General Mathias Cormann on Monday said China’s reopening is “overwhelmingly positive” in the global fight to tackle surging inflation. “We certainly very much we...
Millennial couples go with smaller gatherings
Wedding ceremonies are held differently even within India with some couples choosing big religious ceremonies, while others lean toward a more intimate celebration. Rvimages | E+ | Getty Images Indian...
South Koreans are the world’s biggest spenders on luxury goods
Handbags displayed in a Chanel SA store window at the Avenuel department store, operated by Lotte Shopping Co Ltd., in Seoul, South Korea, on Tuesday, Dec. 14, 2021. SeongJoon Cho | Bloomberg | Getty ...
Why Singapore isn’t singling China out
Singapore’s Minister for Health Ong Ye Kung told Parliament Monday that the government is not imposing new restrictions on travelers from China because limited flight capacity, combined with its...
China’s reopening set to boost Hong Kong’s property market
In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong. The reta...
Global economy going into recession, 2023 growth to slow
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions. The international development institution ...
Chinese are angry at South Korea and Japan
Travel restrictions launched in the wake of China’s border reopening may be affecting where people there are booking trips. But it’s not out of spite, said several Chinese travelers who sp...
China’s reopening could boost Australia’s economy by 1%, JPMorgan says
According to JPMorgan, a full recovery in Australia’s tourism will add 0.5 percentage points to its GDP and the return of international students from China will add another 0.4 percentage points...
India is starting to love electric vehicles with two wheels
Electric vehicle charging stations from Tata Power can be found on 350 of the 600 highways in India. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty Images When most people thin...
Saudi Arabia’s new love for soccer could cause ripple effects
Portuguese football star Cristiano Ronaldo poses for a photo with the jersey after signing with Saudi Arabia’s Al-Nassr Football Club in Riyadh, Saudi Arabia on December 30, 2022. Al Nassr Footb...
Five Chinese startups that survived a tough year of Covid lockdowns
A Kennon Robotics robot delivers food at a Haidilao hotpot restaurant in Shanghai on April 7, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — In a year of Covid lockdowns and travel restrictions...
U.S., global health officials worry about China transparency on virus spread
U.S. and global health leaders say Beijing is not sharing enough information about the spread of Covid-19 in China, leaving the international community in the dark about the scale and severity of the ...
Singapore to raise goods and services tax in January
Singapore’s goods and services tax will be raised to 8% in January 2023. Ore Huiying | Bloomberg | Getty Images Come Jan. 1, Singapore will raise its goods and services tax, otherwise known as t...
Here are the countries Chinese tourists want to visit the most
Travelers check in at Shanghai’s Hongqiao International Airport in on Dec. 12, 2022, after China relaxed domestic travel restrictions. Qilai Shen | Bloomberg | Getty Images BEIJING — Now that Ch...
Facing climate change, Asia farmers turn to risky microfinance loans
The “microfinance” industry — long touted as a way to help poor, rural communities in developing countries — is pushing tens of thousands of farming families into debt traps as they attemp...
Founders of billion-dollar company from India share tips for success
Harsh Jain says it’s an “open secret” that he doesn’t use his own fantasy sports app — for fantasy football, at least. “I am still committed to fantasy football on Fanta...
This Indian sports tech startup lost millions — then made it big
Losing millions of dollars when they were 24 years old was a defining moment for entrepreneurs Harsh Jain and Bhavit Sheth. It felt “pretty terrible,” said Jain. “There’s no o...
China’s economy looks different than it was going into the pandemic
The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual Ch...
Investments could flow back into China as companies avoid U.S. delisting
Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors. Budru...
Recession fears could trigger a ‘lipstick’ effect on deal activity next year
In one of the biggest media mergers in history, AOL acquired Time Warner for $182 billion in 2000 to form $350 billion mega-corporation, AOL Time Warner Erik Freeland | Corbis Historical | Getty Image...
Inflation peaked but will remain above pre-Covid levels: Mastercard
Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “...
Tesla Mega packs, giant hydrogen tank: Panasonic’s new climate factory
As a bullet train speeds by in the background, a liquid hydrogen tank towers over solar panels and hydrogen fuel cells at Panasonic’s Kusatsu plant in Japan. Combined with a Tesla Megapack stora...