JAKARTA, Oct 1, 2022 – (ACN Newswire via SEAPRWire.com) – The third G20 Sherpa meeting in Yogyakarta has concluded with G20 member countries agreeing to …
Chronic problems in policies: Korea Herald
SEOUL (THE KOREA HERALD/ASIA NEWS NETWORK) – The Organisation for Economic Cooperation and Development on Monday (Sept 19) pointed out a set of key issues …
Philippine allows call centres to fully implement remote working while keeping tax perks
MANILA – The Philippines has allowed outsourcing companies to fully implement remote work while keeping their tax perks, resolving a months-long issue in favour of …
Wall Street shares close lower after data, rail agreement
NEW YORK (AFP) – US stocks ended sharply lower on Thursday, battered again by worrisome economic data and concerns about the impact of further aggressive …
As crises mount, Europe turns once again to big spending, throws vast sums at energy crunch
BRUSSELS – Nationalisations. Subsidies. Cash handouts. Price caps. Profit taxes. It is back to 20th-century economics in Europe. Governments are resorting to old-school solutions, long …
China to publish detailed economic policy steps in early September
BEIJING – China said it will publish detailed steps for newly announced economic policy measures in early September, suggesting an urgency for policymakers to revive …
Last handful of fish: Economic crisis pushes more Sri Lankans into poverty
COLOMBO (REUTERS) – In her outstretched palms, 49-year-old Nilanthi Gunasekera holds her family’s last remaining handful of dried fish – a reminder of Sri Lanka’s …
Japan will monitor China, new economic security minister says
TOKYO (BLOOMBERG) – Japan’s new Economic Security Minister Sanae Takaichi pledged Monday (Aug 29) to keep a close eye on nations, including China, to protect …
Sony hikes PS5 price on economic pressures, rising rates
TOKYO (REUTERS) – Sony said Thursday (Aug 25) it was hiking the price of its PlayStation 5 games console in Europe, Japan and Britain due …
N. Korea says it will never deal with S. Korea’s ‘audacious’ economic plan
SEOUL (REUTERS) – North Korea’s Kim Yo Jong, the powerful sister of leader Kim Jong Un, said on Friday (Aug 19) the country will never …
Goldman, Nomura cut China GDP forecasts as outlook darkens
BEIJING (BLOOMBERG) – Goldman Sachs Group and Nomura Holdings have downgraded their forecasts for China’s economic growth further, with a power supply crunch adding more …
China’s provinces vow to meet GDP targets despite growth slump
BEIJING (BLOOMBERG) – Several Chinese provinces pledged to meet their growth goals for the year, even as top leaders downplayed the national target of “around …
A future-proof and forward-looking Asean economic community: Jakarta Post contributor
JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – As we celebrate the anniversary of the founding of Asean today, it is worth reflecting on the extraordinary …
Economic impact of Taiwan flare-up seen as manageable, but risks linger for S’pore and region
SINGAPORE – The economic impact of the geopolitical tensions over Taiwan appears manageable so far but analysts fear there could be some short-term glitches in …
S’pore has to respond to global transitions, seize opportunities: Chan Chun Sing
SINGAPORE – Singapore must entrench itself in the global value chain by developing the capacity to produce what the world needs in times of crisis, …
US and Japan pursue commercial diplomacy to counter China, envoy to Tokyo says
TOKYO (REUTERS) – Chips, batteries and energy are key collaboration areas between the United States and Japan as the allies seek to secure supply chains …
Until the Fed pivots, seek quality income
SINGAPORE – The International Monetary Fund (IMF) recently cut its global economic growth outlook again, warning of more downside ahead. Pessimism is clearly running high …
China factory activity sees shock contraction on Covid-19 outbreaks
BEIJING (BLOOMBERG) – China’s factory activity unexpectedly contracted in July, reversing earlier economic momentum as sporadic Covid-19 outbreaks weighed on the recovery. The official manufacturing …
US stock market has no fear of a recession that’s almost priced in
NEW YORK (BLOOMBERG) – The stock market is wrestling with a “bad news is actually good news” scenario. US gross domestic product shrank in the …
US stocks end about 1% higher, shrugging off weak GDP data
NEW YORK (AFP) – Wall Street stocks rallied again on Thursday (July 28), shrugging off a weak US GDP report that deepened recession talk but …