Japan’s inbound tourists returning faster than expected
The expected increase in tourists from China in the months ahead will put more wind in the industry’s sails, but many businesses are grappling with severe labour shortages.
Economic Affairs
Indonesia’s retail sales rise 7% in March thanks to seasonal jump
Muslim consumers spend more on food, beverages during Ramadan, as sumptuous meals are common for when they break the fast at sundown.
How Samsung, Hyundai tackle the China dilemma
After years of reduced market share, Korea’s top makers of smartphones and cars seek turnaround in an all-important market.
Investing in tech, education key to raising farm output
"For food security, we need more productivity", Agriculture Minister Muhammad Abdur Razzaque said.
Deeper financial turmoil would slam global growth: IMF
The IMF also raised its 2023 core inflation forecast to 5.1 per cent, from a 4.5 per cent prediction in January 2023.
Malaysia plans $8.5 billion port to keep up with regional rivals
The new port’s annual capacity for conventional cargo will be around 40 million tonnes, compared with 27 million tonnes in Port Klang currently.
Luxury goods giants vow to keep investing in China
Companies like Burberry said they will continue to increase investment, encouraged by the potential of the China market.
Vietnam’s banking system shows signs of money surplus
Though the State Bank of Vietnam offered have cheaper interest rates with longer-term loans, no banks have taken part in the offers.
Govt gazettes new anti-corruption bill after IMF deal
President Ranil Wickremesinghe has said that Sri Lanka will enact key points of its agreement with the IMF into law upon parliamentary approval, with the anti-corruption…
‘Superrich’ S. Koreans ditch real estate for cash in 2022: report
In 2022, those classed as superrich owned an average of 32.3 billion won in total assets.