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Asia Economy

China June new home prices flat in weakest showing this year

by Walter Watson
China June new home prices flat in weakest showing this year

High-rise buildings in downtown Shanghai, China, on March 12, 2018. China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second cut this year …

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Singapore issues arrest notice for billionaire Ong Beng Seng in CPIB probe involving Iswaran

by Walter Watson
Singapore issues arrest notice for billionaire Ong Beng Seng in CPIB probe involving Iswaran

Ong Beng Seng of Singapore GP speaks with F1 supremo Bernie Ecclestone in the pit lane ahead of the Singapore Formula One Grand Prix at Marina Bay Street Circuit on …

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Singapore’s economy grows 0.7% year-on-year in second quarter

by Walter Watson
Singapore’s economy grows 0.7% year-on-year in second quarter

Exterior of the Singapore Exchange building. Bryan van der Beek | Bloomberg | Getty Images Singapore’s economy avoided a technical recession in the second quarter, growing 0.7% year-on-year and 0.3% …

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Australia appoints Michele Bullock as next central bank governor

by Ron Morgan
Australia appoints Michele Bullock as next central bank governor

Australia has appointed Michele Bullock as the ninth governor of the Reserve Bank of Australia, the country’s Treasury announced July 14. She is also the first female RBA governor in …

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India’s tomato prices surge over 300%, prompting thieves and turmoil

by Walter Watson
India’s tomato prices surge over 300%, prompting thieves and turmoil

A vendor arranging tomatoes at a wholesale vegetable market in Kolkata. Tomato prices surged 366.86% from 26.76 rupees per kg at the start of the year to 108.92 rupees per …

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Multi-millionaire entrepreneur to Indonesia minister

by Franz Hernandez
Multi-millionaire entrepreneur to Indonesia minister

Jakarta governor-elect Anis Baswedan (R) and his deputy governor-elect Sandiaga Uno (L) hold hands during a press conference in Jakarta on April 19, 2017. Adek Berry | AFP | Getty …

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Asia markets rise as U.S. inflation rate slows more than expected

by Walter Watson
Asia markets rise as U.S. inflation rate slows more than expected

New Zealand factory sees steeper contraction in June New Zealand’s factory activity saw a steeper contraction in June, with the manufacturing purchasing managers index standing at 47.6, lower than the …

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Singapore launches corruption probe involving transport minister

by Walter Watson
Singapore launches corruption probe involving transport minister

Singapore’s Prime Minister Lee Hsien Loong said July 12 that he has instructed the country’s transport minister S. Iswaran to go on leave after he was implicated in an anti-graft …

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Asia markets mixed ahead of India and U.S. inflation data

by Ron Morgan
Asia markets mixed ahead of India and U.S. inflation data

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images Asia-Pacific …

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Vietnam’s digitalization efforts fuel startup scene

by Walter Watson
Vietnam’s digitalization efforts fuel startup scene

Vietnamese employees working inside the French IT company Linkbynet in Ho Chi Minh City. A decade ago app technology would likely have been developed in California’s Silicon Valley, but today …

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