Asian Economy

Jamus Lim joins panel of experts in economics at Private Markets Forum APAC

SINGAPORE: Workers’ Party MP Jamus Lim wrote in a Facebook post on Wednesday (March 1) that he had recently been part of a panel discussion on economics, having been invited to join experts in the field from NUS, Oxford,...

China to see ‘exodus of wealth’ to Singapore after Xi Jinping’s crackdowns, Covid shutdowns

In October at the 20th National Congress of the Chinese Communist Party, President Xi Jinping announced further moves toward “common prosperity,” which has sent entrepreneurs looking elsewhere for more welcoming locales, including Singapore.  Bloomberg called it an “exodus of wealth” in a Nov...

Singapore now 3rd top financial centre in the world, overtakes Hong Kong as best in Asia

In this year’s Global Financial Centres Index’s top five financial centres around the globe, Singapore is now in third place. The Little Red Dot has actually overtaken Hong Kong to take pole position in Asia, Bloomberg reported on Friday (Sept 23). The...

Russian invasion of Ukraise and the momentum in Malaysia’s economic recovery

Are we really recovering? Global economic growth prospects have been affected by Russia-Ukraine conflict with world output projected to expand at a slower rate of 3.6% in 2022.  Although Russia and Ukraine combined account for less than 3% of...

Salary best motivation for employee retention – study

As the “Great Resignation” trend is still in full swing, companies have three ways to make their employees stay with salary topping the list, a study by Filipino HR solutions company said. The 2022 State of the HR Report by...

Hotpot chain Haidilao closing 300 stores due to lack of customers and poor performance

Singapore — Hot pot chain giant Haidilao International Holding announced it would close or suspend around 300 outlets due to poor performance following its rapid expansion in the last two years. In an exchange filing, the Hong Kong-listed company said...

Asian traders move cautiously ahead of inflation release

Hong Kong, China -- Asian markets were mixed Wednesday as investors awaited key US inflation data that could play a major role in the Federal Reserve's plans to tighten monetary policy, while concerns over a global energy crunch also jangled...

1MDB’s former CEO tests negative for Covid-19, can resume testifying in Najib’s trial next week

KUALA LUMPUR -- A former CEO of 1Malaysia Development Berhad (1MDB) has tested negative for Covid-19 and will be able to continue testifying in Datuk Seri Najib Razak's corruption trial next Monday. Former 1MDB chief executive Mohd Hazem Abd Rahman,...

Has China bitten off more than it can chew?

India -- I have argued before that in advancing its territorial claims, China uses carefully calibrated tactics. Each move it makes may not be threatening enough to invite a significant military response, but several incremental actions cumulatively lead to...

1MDB: Malaysian govt sues to claim RM9.3m in unpaid tax from Jho Low’s associates Jasmine Loo, Casey Tang

KUALA LUMPUR -- The Malaysian government has filed two lawsuits claiming millions in tax arrears from two former senior officials of 1Malaysia Development Berhad (1MDB), who were wanted in Malaysia for investigations into the massive financial scandal and later...
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Maid says her agency forced her to agree to everything with a smile during interviews so that she’s hired faster

SINGAPORE: A few foreign domestic helpers took to social media to explain the process that goes on prior to...
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Morning Digest, March 25

SMRT staff asks uncle to leave train for talking too loudly, but netizens pin blame on person who complained about the uncle   SINGAPORE: A video...

Simone Johnson, the Rock’s daughter, set to make WWE debut

Daughter of wrestling icon Dwayne “The Rock” Johnson, Simone Johnson is set to make her in-ring debut. The 21-year-old is following in the footsteps...

Stories you might’ve missed, March 24

Woman berates NTUC FairPrice’s staff at the fish counter for not being able to speak English   A woman shopping at NTUC FairPrice expressed frustration about...

This is why SG ‘is one of the safest countries in the world’ — Man asks busker to make announcement after car owner leaves...

SINGAPORE: In a heartwarming video that’s been making the rounds lately, a busker can be seen and heard looking for the owner of a...

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