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Economics

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Economics / Singapore

Malaysia says near Singapore deal for special economic zone

‘Malaysia said it’s near a deal with Singapore to develop Southeast Asia’s first cross-border special economic zone, which the countries hope will lure new investment and spur growth.’ “We have gone into some final legwork,” Economy Minister Rafizi Ramli, who is representing Malaysia in bilateral talks with Singapore, said at a briefing in Kuala Lumpur […]

Jul 19, 2024

Economics / Hong Kong

Can a new financing plan get Hong Kong’s cash-strapped West Kowloon arts hub back on track?

‘West Kowloon Cultural District Authority gets green light to sell residential development in arts hub’s second zone to replenish finances’ ‘The authority behind Hong Kong’s premier arts hub has received approval to sell some of its land and topped up its bank facility to HK$5 billion (US$640 million) to avert a potential financial crisis.’ ‘The […]

Jul 19, 2024

Economics / Hong Kong / United States

Hong Kong slams US politicians’ ‘despicable’ call for sanctions on city officials

‘Hong Kong has rebuked a call by US politicians for sanctions against city officials over passing the domestic national security law and convicting more than 40 opposition figures of subversion for their roles in a 2020 unofficial legislative “primary” election.’ ‘A government spokesman said on Thursday night the “sanctions” mentioned in the politicians’ letter “smacked […]

Jul 19, 2024

Economics / Hong Kong

Hong Kong can use ‘panda economy’ to drum up business amid arrival of 2 new bears: minister

‘Tourism minister Kevin Yeung says city officials to also discuss residents renaming pandas, after saying bears already have names’ ‘Hong Kong can promote a “panda economy” with the arrival of a new pair of bears before October, the tourism minister has said, pointing to the catering and retail sectors as among the potential beneficiaries of […]

Jul 19, 2024

Economics / Russia

Russia overtakes Japan to become the fourth largest economy in the world in PPP term

‘The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June.’ ‘As bne IntelliNews reported in August, Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit by multiple […]

Jul 15, 2024