Tag: Asia Economy

Modi’s BJP is set to majorly boost its vote share in opposition-ruled Tamil Nadu as India goes to polls

MYSURU, INDIA – APRIL 14: Prime Minister Narendra Modi gestures as he addresses an election campaign rally on April 14, 2024 in Mysuru, India.  Abhishek Chinnappa | Getty Images News | Getty Images CHENNAI, India — Polling stations in India’s Tamil Nadu state opened on Friday as the country kicked off its massive national election […]

India kicks off the world’s largest elections this week. Here’s what you need to know

A worker fixes a flag of the ruling Bharatiya Janata Party on a hoarding of their leader and India’s Prime Minister Narendra Modi on April 15, 2024.  Idrees Mohammed | Afp | Getty Images Indians head to the polls on Friday in what will be the world’s largest democratic election, as close to one billion […]

Singapore tech salaries mostly fell in 2023, but these jobs saw wages jump

Young Group Of Professionals Developing Business Strategy and Providing The Business Plan Pekic | E+ | Getty Images SINGAPORE — Tech salaries in Singapore mostly fell in 2023 amid a tech downturn, but certain roles — including for data science and cybersecurity — saw wages jump, according to a new report. The jobs that saw […]

Singapore’s economic losses due to heat stress could nearly double to over $1.5 billion in 2035

People sitting by a pier during sunset in Singapore. Roslan Rahman | Afp | Getty Images Singapore’s economic losses due to heat stress could nearly double to $1.64 billion in 2035 from pre-pandemic 2018 due to a decline in labor productivity, a recent study by the National University of Singapore showed. Back in 2018, heat […]

East Asia’s growth is faster than the rest of the world but China headwinds weigh, World Bank says

As inflation continues to impact global economies, Asia-Pacific is the only region that will see real salary growth in 2023, according to ECA International. Azmanl | E+ | Getty Images Growth in developing East Asia and Pacific is outpacing the rest of the world, but the region will likely see slower growth in 2024 amid […]

Japan bucks private equity slowdown in Asia Pacific with deal value soaring 183% last year

An editorial picture of the Japan flag set against an economic trend graph and images associated with the stock market, finance and digital technology. Manassanant Pamai | Istock | Getty Images The total value of private equity deals in Asia Pacific last year fell to its lowest since 2014 as fundraising dropped to a 10-year […]

China and New Zealand pledge deeper trade and economic cooperation

China and New Zealand flags. Andrea Verdelli | Getty Images News | Getty Images China and New Zealand are working toward implementing an upgraded version of the free trade agreement between the two countries. Chinese Foreign Minister Wang Yi said Monday the two countries should kick off negotiations on the negative list of service trade […]

A ‘family vacation’ for two: Why more parents are taking trips with one child at a time

Sonja Prokopec took her son on their first “solo” trip together when he was six years old. They went to Rome, and it was so memorable that Prokopec said she’s now planning their second trip this summer. “I really enjoy one-on-one time which we have when travelling alone,” she said. “There are no distractions, no […]

Chinese tourists are fueling a recovery in Asia-Pacific’s travel industry — flight bookings set to climb to pre-pandemic levels

Outbound passengers queue up to check in at Yantai Penglai International Airport on February 9, 2023 in Yantai, Shandong Province of China.  Vcg | Visual China Group | Getty Images Asia-Pacific’s travel sector is seeing strong growth, with demand for flights set to match pre-pandemic levels this year — thanks to Chinese tourists. The region’s […]

HSBC’s record annual profit misses estimates on China write-down, shares tumble

Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty Images HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the London-based lender’s stake in a Chinese bank, […]

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