Oil prices tumble as China economy stutters
China's central bank slashed key interest rates in a surprise move as a raft of data showed weakness in the world's second-largest economy.
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South Korea older workers back in factories amid labor crunch
With unemployment hitting a near-record low of 2.9 percent in July, the nation is seeing a surge in the number of elderly in the workforce.
Indonesia government asks carmakers to keep chips coming to Indonesia
They previously reached out to many countries, including Germany and the United States, in the hope of building domestic industries to eventually produce chips locally.
By 2025, half of Samsung’s premium phone shipment will be foldables
Samsung has been a dominant leader in the world‘s foldable smartphone sector, as its Chinese foldable-phone competitors have been selling to the domestic market.
Apple supplier Foxconn cautious on outlook amid sluggish smartphone sales
Echoing other Asian tech firms, the Taiwanese company has warranted the drop in sales to surging inflation and deepening concerns of a recession crimping consumer spending.
Hong Kong SMEs’ business confidence weakens in July
A government spokesperson warned that worsening global economic prospects and tightening monetary policies will continue to put pressure on business sentiment.
Fully driverless robotaxis set to roll out
Marking a significant milestone, Tech giant Baidu announced that it has secured the first permits to offer fully driverless commercial robotaxi services to the public.
Indonesia shines amid global gloom with forecast-beating GDP
The country’s Q2 GDP grew 3.72 per cent quarter-on-quarter to beat Bank Mandiri’s estimate of 3.44 per cent, while growth was up 5.23 per cent in the first half of the year.
How a celebrity CEO’s rule of fear helped bring down hot Singapore start-up Zilingo
The company’s turmoils highlights an apparent lax internal corporate governance culture that is not uncommon in the start-up industry.
US interest rate hikes unlikely to trigger another financial crisis in Southeast Asia
While pressure on exchange rates and bond yields is likely to persist over the coming months, evidence indicates that many Asean economies are better prepared.