Asian Economy

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,...

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...

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...

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...

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...

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...

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...

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,...

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...

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...