Asia’s high-net-worth market to grow by double digits in short term, say insurance firms
The Asia-Pacific is home to about 30 percent of global HNW financial wealth, behind only the Americas.
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Seven Filipinos among Fortune’s 100 powerful women
The most powerful woman in Asia is Chinese-American Grace Wang, the chair and the chief executive officer of Shenzhen-based manufacturer Luxshare Precision Industry.
South Korea launches anti-dumping probe into Chinese steel
The steel products in question, sheets 6 millimeters thick or more, are primarily used in shipbuilding.
Criminal networks in Southeast Asia flourish in Telegram’s ‘underground markets’, UN says
Southeast Asia has emerged as a major hub for a multibillion-dollar industry that targets victims across the world with fraudulent schemes. Many are Chinese syndicates that…
Philippines, South Korea eye revival of Marcos Sr-era nuclear power plant
The controversial $2.3-billion Bataan Nuclear Power Plant, which began construction in 1976 and was completed in 1984, never operated due to safety concerns and allegations of…
South Korean media regulator to begin probe into TikTok over potential violation of personal data law
TikTok is accused of automatically requiring its users to receive advertisements, instead of letting users give their consent to receive such content under South Korean law,…
Vietnam’s economy could reach US$2 trillion by 2050: expert
Klaus Schwab, founder and chairman of the World Economic Forum, said this was based on large market size with more than 100 million people.
President Marcos signs law imposing 12% VAT on digital services from offshore firms
The law is set to recover revenue lost due to unclear tax laws on e-commerce transactions, particularly from foreign companies that serve Filipino consumers but are not based in…
Singapore union dismayed by Dyson’s one-day notice of surprise layoff
The United Workers of Electronics and Electrical Industries said in a statement signed by its executive secretary Patrick Tay and released late on Oct 1 that This leaves…
Global rice prices drop after India allows white rice exports
India on Saturday allowed exports of non-basmati white rice. That came a day after New Delhi cut export duty on parboiled rice to 10 percent, buoyed by a new crop in the offing…