Asian Economy

Survey: Thousands of job cuts, company closures in Hong Kong in upcoming months

The months of political unrest in Hong Kong is leading up to losses in the retail sector according to a survey by the Hong Kong Retail Management Association. The survey covered 176 businesses with 4,310 stores which employed 33 percent...

Top bankers reveal Hong Kong elite are moving their wealth to Singapore and other countries

After several months of social and political unrest, many of Hong Kong's rich are opening offshore accounts as a contingency plan. Top bankers gathered in Beijing, China for the New Economy Forum from Nov 20-22 to discuss "actionable solutions on...

Asian markets mostly down as focus turns to Fed meeting

Asian markets slipped Wednesday as traders play a wait-and-see game ahead of the Federal Reserve's latest policy decision, with expectations of another interest rate cut but focus also on its plans for the future. Expectations for another drop in borrowing...

Hong Kong professionals may view Singapore as politically stable and safe but they’re not all flocking there to take cover

Not everyone in Hong Kong is a rich billionaire, thus, not everyone can afford to migrate to Singapore to avoid the raging political unrest that has been going on for months now. As Hong Kong's anti-government protests are nearing its...

Singapore cuts growth outlook as trade war bites

Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia's trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the...

China’s answer to Nasdaq set to begin trading

by Dan Martin / Lianchao LAN Trading begins Monday on a new Nasdaq-style technology board in Shanghai that represents one of China's most significant market reforms, and a potential weapon in its growing tech rivalry with the United States. Twenty-five stocks...

Japan business confidence index drops in July: BoJ survey

Confidence among Japan's biggest manufacturers fell sharply in the second quarter to June, the Bank of Japan's quarterly business survey showed Monday, suggesting a stuttering recovery for the world's third-largest economy. But experts noted while the data showed lingering concern,...

Awkward ASEAN photo op: PM Lee struggles to reach Duterte

The 34th ASEAN Summit was held in Bangkok on Sunday, June 23. During the opening ceremonies, the 10 leaders of ASEAN countries lined up onstage for photos and the traditional ASEAN handshake. According to a report from Rappler, PM Lee...
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Singapore Turf Club to hold final race on Oct 24; handover site to govt by 2027 for redevelopment

SINGAPORE — The curtain will draw on a 180-year horse racing tradition in Singapore when the Singapore Turf Club...
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Abdul Shariff reiterates Workers’ Party’s commitment to better school class size on average

SINGAPORE — During a house visit at Block 123 in Simei recently, the Workers’ Party Abdul Shariff Aboo Kassim had a meaningful conversation with...

High rent and living costs are causing expats to move to Malaysia & Vietnam

SINGAPORE: Several expatriates in Singapore have been moving to other South East Asian cities because of increased rental fees and overall living costs. In a...

Video of Singapore car chased by fake police car in Malaysia goes viral

SINGAPORE: A 26-second video clip of a speeding car being chased by another car with a flashing blue light on its roof has gone...

Job switching in Singapore back to pre-Covid levels; over 40% will quit jobs for work-life balance

SINGAPORE:  A recent study shows that the appetite for job switching in Singapore had returned to the level of what it was before the...

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