A senior Hong Kong finance official has hit back at criticism of the city’s prospects as “bias against China”, following a recent commentary by a prominent US economist who asserted that “the Hong Kong of old is over”. The government’s rebuttal did not directly name any specific critic but was published after American economist Stephen Roach wrote an opinion article saying Hong Kong had become a mainland city. “Some critics appear to be driven by bias against China rather than objective...
Elevated inflation partly reflects supply shocks that have increased prices, including of energy, the Fed said.
China’s unaddressed economic structural problems are swallowing profits and leaving its multinationals falling far behind their US peers in the latest Fortune Global 500 list, despite its firms remaining strong in terms of revenue. The profit gap between Chinese and US companies has continued to widen. Chinese companies posted an average profit of US$4.5 billion in 2025, or some 40 per cent of the US$11.24 billion recorded by their US counterparts, according to the list released by Fortune...
The TDP government has transformed the arid region into an economic hub
Germany’s drive to compete with Chinese imports is colliding with its long-standing tradition of Sunday rest, with policymakers and retailers now asking whether a century-old consensus still fits an economy struggling to regain its competitiveness. The latest flashpoint came in early July, when the country’s coalition government unveiled a package of measures to boost Germany’s competitiveness, including plans to let bakeries, confectioneries and public libraries operate longer on Sundays from...
Bank Indonesia Governor Perry Warjiyo has stepped down from his role, Indonesia’s State Secretariat Minister Prasetyo Hadi said on Monday, a surprise move analysts said could rattle investors worried about the central bank’s independence and the country’s fiscal management. President Prabowo Subianto has accepted Warjiyo’s resignation, the minister said ahead of the opening of financial markets in Jakarta. Destry Damayanti, a senior deputy governor at BI, has been appointed as interim governor....
Noted economist and thinker cautions that as the country’s global influence increases, certain foreign forces are attempting to create internal divisions and weaken the nation
Apart from seasonal and weather factors, the ups and downs caused by the West Asia crisis appear to have hit the egg prices
Hong Kong businesses can leverage Xinjiang’s connectivity with Central Asia to expand into new markets while the city’s financial, trade and professional services can help businesses in the region enter Southeast Asia, according to political analysts. But an economist and a textile industry veteran have warned of potential risks for Hong Kong businesses building ties with Xinjiang in northwestern China. Western countries have imposed sanctions on officials and entities tied to the Xinjiang Uygur...
The chamber has urged the FCI to release rice stocks under the open market sale scheme to stabilise prices and ensure sufficient supply.
Bali has “aura” and political titan Luhut Pandjaitan wants to channel it to transform Indonesia’s famed resort island into an international financial centre. But President Prabowo Subianto’s special adviser and economic tsar is not relying on subtle nods to Gen Z slang to sell paradise. Instead, he conjures up a striking image to make his case. A friend recently sent him a photograph of kamikaze drones lighting up the skies over Abu Dhabi, accompanied by a plea: help us get out. Indonesia,...
A potent cocktail of domestic and international political headwinds continues to weigh on the Philippines’ economic recovery, even as inflation eased in June. Economists point to turmoil in the Senate and a recent corruption scandal that rocked the nation as internal shackles holding back an already fragile economy reeling from energy shocks and extreme weather. Dutch financial think tank ING said in a recent report that political uncertainties compounded the Philippines’ economic pressures...
Minister Kunhalikutty said the report is a vital step for transforming Kerala into the most preferred GCC destination in the country