Economy
Covering emerging markets, regional blocs, digital economies, and the Asian business landscape.
Thai Exporters Hit as Philippines Freezes Rice Imports for Two Months
Philippine President Ferdinand Marcos Jr, following a Cabinet meeting, announced that rice imports will be suspended for 60 days from September 1 to...
Pakistan Set to Gain as US Imposes Tariff on Indian Rice
Pakistan’s basmati rice exports have continued to grow steadily in recent years. Data from the Rice Exporters Association of Pakistan (REAP) shows that...
US and China Extend Trade Truce to 10 November, Averting Tariff Hike
The United States and China have agreed to extend their trade truce until 10 November, narrowly avoiding a planned tariff increase between the...
Indonesia’s Retail Sales Rebound in July After Nine-Month Slump
JAKARTA — Indonesia’s retail sales are poised to rebound in July after nine months of sluggish growth, driven by stronger demand for certain...
Bangladesh Faces Deepening Investment Decline
One year into the interim government’s tenure, Bangladesh is facing a deepening investment crisis, business leaders and economists warn. DHAKA – Private investment...
Analysts Warn Hong Kong’s Commercial Property Slump Could Last a Decade
HONG KONG — Hong Kong’s once high-flying commercial property market faces a prolonged downturn, with analysts warning that recovery may be “improbable within...
Vietnam Sets Higher 2025 Growth Target and Unveils Bold Economic Roadmap
HANOI – Vietnam has significantly raised its sights for 2025, unveiling a bold economic plan that targets GDP growth between 8.3% and 8.5%,...
Iran to Redenominate Currency, Removing Four Zeros from the Rial
Iran, August 6 — Iran is set to redenominate its national currency, slashing four zeros from the rial in a long-anticipated move aimed...
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Iran military warns US forces will be attacked if they enter Strait of Hormuz
TEHRAN: Iran’s military said on Monday that US forces would be attacked if they entered the Strait of Hormuz, following US President Donald...
Donald Trump claims Iran wants Hormuz Strait reopened soon
Washington: Donald Trump said Iran had informed him it was in a “state of collapse” and was trying to determine its leadership situation,...
Trump Unimpressed by Iran’s New Plan to End Conflict: US Official
Washington: US President Donald Trump is unhappy with the latest Iranian proposal on resolving the two-month war, a US official said, dampening hopes...
