Rice production in India has fallen by 5.6% year on year as of September in light of below-average monsoon rainfall, which has affected harvest, Nomura said. Rebecca Conway | Getty Images News | Getty...
Tag: Asia Economy
Best hotels for business travelers in Asia-Pacific
Business travelers are on the road again. So there’s no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific. CNBC joined with the market and consumer data...
Where Russians go on vacation since the Ukraine war started
There was a time when Western Europe was the destination of choice for Russian tourists. But things have changed. Max, a Russian in his 40s, used to stroll museums in France, enjoy fine cuisine in Ita...
Pakistan warns flood damage will exceed $10 billion
Pakistan’s foreign minister made an urgent call for international aid, with the death toll from historic flooding across the country expected to rise in the coming days. Already reeling from an ...
China is set to convene a historic meeting on Oct. 16. Here’s what to expect
Chinese President Xi Jinping is widely expected to further consolidate his power at a twice-a-decade congress this fall. He is pictured here on July 1, 2022, at a swearing-in ceremony for Hong Kong...
Indian health advisory for rare virus infecting children
Tomato flu — so called due to the painful red blisters it produces — has so far been detected in more than 100 children across three states since the first case was reported on May 6. Hindustan Times ...
How to find cheap hotel rooms? Survey compares popular website rates
Many travelers try to save money by searching the internet for cheaper hotel rates. But a new study suggests it may not be worth the time — at least in some places. The travel insurance comparison sit...
Qantas CEO blames ‘little’ government help and Covid for lagging peers
Qantas CEO Alan Joyce told CNBC the airline was not able to return to profit as quickly as other carriers like those in Singapore because it did not receive as much government support and faced a R...
how Emirates is wooing luxury travelers
Dubai’s Emirates airline in August announced an investment of over $2 billion to improve its inflight customer experience, including cabin interior upgrades and new menus — with unlimited caviar...
non-fully vaccinated travelers don’t need quarantine from Monday
People sit outside a bar at Emily Hill in Singapore, on Monday, Aug. 22, 2022. Ore Huiying | Bloomberg | Getty Images SINGAPORE — Singapore is set to allow non-fully vaccinated travelers to skip quara...
Australian bank to scrap loans for new diesel and gasoline cars
Cars and buses in Sydney, Australia, on Monday, May 25, 2020. Authorities in the country are looking to set up a National Electric Vehicle Strategy. Brendon Thorne | Bloomberg | Getty Images An Austra...
China’s heatwave could have knock-on effect on its economy: Economist
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by ...
How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the governme...
Indian travelers more confident than Japanese, Aussies
For the most part, residents of Asia-Pacific can travel again. But some are more confident about packing their bags than others. Travel confidence is “diverse and nuanced” in the region, a...
Huawei’s second quarter revenue rises slightly from a year ago
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, G...
China tourist destination set a GDP target, but Covid locked it down
Sanya, on the southern coast of Hainan, was the top destination for couples flying from three of China’s largest cities last week for China’s version of Valentine’s Day, according to...
Here’s where China’s real estate troubles could spill over
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou ...
Is Japan open to travelers? It’s where Singaporeans want to travel
Some 49% of Singaporeans say they are considering Japan for their next vacation abroad, according to the market research firm YouGov. Interest may be even higher among young citizens. Some 68% of Sing...
FAO food price index fell sharply in July but the respite may not last
Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022. Olga Maltseva | Afp | Gett...
Hong Kong cuts hotel quarantine for travelers to 3 days
Hong Kong is reducing the amount of time travelers will need to serve hotel quarantine, from seven days down to three starting Friday. “The seven-day quarantine hotel arrangement will be changed...
Taiwan’s trade with China is far bigger than its trade with the U.S.
Apple supplier Foxconn, also known as Hon Hai Precision Industry, is based in Taiwan but has factories across mainland China. Sopa Images | Lightrocket | Getty Images BEIJING — Data show that Taiwan d...
Singapore’s largest bank DBS reports Q2 earnings
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. &#...
UAE hospital group Burjeel posts record full-year revenues ahead of a potential IPO
Talk of a potential listing for Burjeel Holdings comes as the Emirates benefits from a Middle East IPO boom, with Abu Dhabi and Dubai taking several government entities public this year. Bloomberg | B...
Indian rupee weakness, hitting fresh lows amid global headwinds
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a ...
New Zealand’s borders are fully reopening after more than two years
After more than two years, New Zealand is fully reopening its borders and welcoming back all international travelers. The country is reopening on July 31, some three months earlier than previously ann...
Self-driving tech company Pony.ai plans to deliver robotrucks in China
Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry. Pony.ai BEIJING — Self-driving tech sta...
China competitiveness computer chip bill passes Senate, goes to House
The Senate on Wednesday passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductor chips. The bill, ...
China’s property sales set for a worse plunge than in 2008, S&P says
Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai’an, Jiangsu province, near Shan...
China’s latest spike in Covid cases strands tourists and restricts travel
The western province of Gansu is one of the hardest hit by China’s summer Covid outbreak. Pictured here is a Red Cross volunteer spraying disinfectant in Dingxi, Gansu. Vcg | Visual China Group ...
U.S. Treasury Secretary on supply chain resilience: Use friend-shoring
U.S. Treasury Secretary Janet Yellen (pictured here at a news conference, ahead of the G-20 meeting in Bali on July 14), said supply chain resilience is a key focus of the Biden-Harris administration....
Shares of Tianqi Lithium slump around 10% in HK debut
Shares of Tianqi Lithium fell as much as 10% in their Hong Kong market debut Wednesday before closing flat. The stock fell as much as 11%, hitting a low of 72.65 Hong Kong dollars ($9.25). It later re...
Singapore’s state investor Temasek releases annual report for 2022
A signage for Temasek Holdings is displayed during a news conference following the company’s annual review in Singapore on July 9, 2019. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE —...