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Asia Economy

Malaysia’s Anwar vows to recover Goldman 1MDB settlement, warns of lawsuits

by Walter Watson
Malaysia’s Anwar vows to recover Goldman 1MDB settlement, warns of lawsuits

Malaysia’s then-opposition leader Anwar Ibrahim leaves after meeting with Malaysia’s King at the National Palace in Kuala Lumpur on November 22, 2022. Nurphoto | Nurphoto | Getty Images Malaysia’s Prime …

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China trims 1-year rate, but unexpectedly leaves 5-year rate unchanged

by Walter Watson
China trims 1-year rate, but unexpectedly leaves 5-year rate unchanged

A night view of the Central Business District in Beijing, China, Nov 10, 2021. Future Publishing | Future Publishing | Getty Images China’s central bank cut its one-year loan prime …

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Singapore workers adopting AI skills at the fastest pace: LinkedIn

by Walter Watson
Singapore workers adopting AI skills at the fastest pace: LinkedIn

Workers in Singapore are the world’s fastest when it comes to adopting artificial intelligence skills, according to LinkedIn’s latest Future of Work report. The report, which drew data from 25 …

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Asia markets poised for mixed open ahead of China’s loan prime rate announcement

by Walter Watson
Asia markets poised for mixed open ahead of China’s loan prime rate announcement

View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific markets are set to fall ahead of China’s …

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China’s PBOC intervenes after yuan hits 16-year high against greenback

by Walter Watson
China’s PBOC intervenes after yuan hits 16-year high against greenback

Photo taken on Aug 17, 2023 shows US dollars and Chinese yuan in Fuyang city, East China’s Anhui province. Nurphoto | Nurphoto | Getty Images The People’s Bank of China …

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Sea’s growth pivot at expense of profits stems from e-commerce competition

by Walter Watson
Sea’s growth pivot at expense of profits stems from e-commerce competition

Forrest Li, chief executive officer of Sea Ltd., in Singapore, on Wednesday, May 3, 2023. Ore Huiying | Bloomberg | Getty Images Shares of Southeast Asian tech giant Sea plummeted …

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China property developer Evergrande files for bankruptcy protection in US

by Walter Watson
China property developer Evergrande files for bankruptcy protection in US

A residential complex constructed by Evergrande in Huai’an, Jiangsu, China, on July 20, 2023. Future Publishing | Future Publishing | Getty Images China’s heavily indebted property developer Evergrande group on …

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Asia markets fall as investors assess Japan inflation; China’s Evergrande bankruptcy filing

by Walter Watson
Asia markets fall as investors assess Japan inflation; China’s Evergrande bankruptcy filing

Japan ,Tokyo City skyline, Tokyo Tower. (Photo by: Dukas/Universal Images Group via Getty Images) Prisma By Dukas | Universal Images Group | Getty Images Asia-Pacific markets fell on Friday as …

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China’s economic model is ‘washed up on the beach’

by Walter Watson
China’s economic model is ‘washed up on the beach’

The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China. Vcg | Visual China Group | Getty Images China’s economic model is …

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Chinese asset manager Zhongzhi says it faces a liquidity crisis: Reuters

by Walter Watson
Chinese asset manager Zhongzhi says it faces a liquidity crisis: Reuters

China property investment slid nearly 8% in the first half of the year, official data showed Monday, pointing to a deepening decline in investment for a sector that accounts for …

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