Hong Kong is the world’s most expensive place for employees sent abroad to work, according to a new study comparing the prices of 200 goods and products in more than 400 cities. Switzerland was hot on Hong Kong’s heels, with four cities — Zurich, Geneva, Basel and Bern — ranking second to fifth place respectively […]
Read MoreGROWTH in emerging East Asia’s local bond market slowed to 3.1 per cent in the first three months of the year, influenced by weakened financial conditions and global economic headwinds, according to an Asian Development Bank (ADB) report released on Monday (Jun 27). This comes on the back of a 6.5 per cent fall in […]
Read MoreAFP – Asian markets fell yesterday as a rally in oil ramped up inflation fears, with top officials warning of more pain to come as the Ukraine war continues to push prices up and put further pressure on the global economy. Buyers on Wall Street were in retreat again after data showed US crude and gasoline […]
Read MoreThe Saudi Arabian Public Investment Fund (PIF) has pledged to use Thailand as a hub for investment in Southeast Asia, the PIF chief said. The fund’s chief, Yasir bin Othman al-Rumayyan, met Prime Minister Prayut Chan-o-cha at the Royal Thai Air Force Airport in Don Mueang on Sunday morning. Government spokesman Thanakorn Wangboonkongchana quoted Prayut […]
Read MoreXinhua – Durians have entered their best season, and orders for the “stinky” fruit in China began to soar in late April, driving its imports from Southeast Asia, its main producing area. The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade deal to date that took effect on Jan. 1, 2022, has further […]
Read MoreGlobal Times – Asean remains China’s largest trade partner, accounting for 14.6 percent of China’s total foreign trade in the first four months of 2022, with the EU and the US ranking second and third, according to the latest customs statistics on Monday. China-Asean trade totalled 1.84 trillion yuan ($274.5 billion) from January to April, up […]
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