Coffee shops perk up China’s sleepy rural places
On October 2, a rural coffee shop in the eastern province of Zhejiang sold more than 7,100 cups of the beverage, equivalent to one cup sold every four seconds.
Big Picture
Governance of livestreaming firms in spotlight as companies go after star performers
Industry experts said it is time for companies to reevaluate their star-oriented business model and strengthen internal management, in order to drive the livestreaming e-commerce…
Indonesia’s renewable energy investment lowest in years amid transition push
Indonesia has only attracted US$1.17 billion in new and renewable energy investment as of November, just 65 percent of the $1.8 billion target set for this year.
Economic outlook negative in Bangladesh, Maldives among Asia-Pacific nations: Fitch
According to Fitch, high borrowing costs and mostly modest fiscal deficit reductions will cause debt ratios to rise in 2024 in about half of the APAC sovereigns despite solid…
Wage gap between small and large firms persist as youth avoid jobs at SMEs: data
A recent survey involving 1,000 young people between October 20 and November 1, revealed that the average expected monthly salary among individuals employed at SMEs was 3.23…
PM Srettha reaffirms Thailand’s green commitment at Sustainability Forum
The prime minister also highlighted the growing trend among new investors who aspire to establish 100% green companies, invest in clean energy, and adhere to green industrial…
Three Arrows’ Zhu Su probed in Singapore court as liquidators step up hunt for assets
Three Arrows imploded in 2022 as leveraged bets blew up, stoking a US$2 trillion crypto rout as well as a spate of other collapses in the sector.
ADB projects Pacific economy to expand in 2023, 2024
Recovery in tourism and spending on infrastructure have continued to drive Pacific economies, and the subregion is expected to grow by 2.9 per cent in 2024.
Federal cabinet approves Pakistan’s first-ever National Space Policy
Caretaker Minister for Information Technology and Telecommunications Dr Umar Saif also said that the federal cabinet had approved three “landmark decisions” for the IT and…
Test flight of flying car conducted in Osaka to prep for 2025 Osaka-Kansai Expo
A pilot flew the 2X - a flying car manufactured by German startup Volocopter - about 30 to 40 meters above the ground for approximately five minutes.