Economics

Mainland manufacturing contracts for first time in 9 months

Mainland manufacturing contracted in August for the first time in nine months, a development that could prompt more policy easing by Beijing's economic planners.

Sunday, 2 September, 2012, 3:23am

Russia's far east should be on Apec's agenda

The Asia-Pacific Economic Co-operation grouping was once described by former Australian premier Paul Keating as "a talk shop of debatable output". With the latest Apec summit opening in the Russian city of Vladivostok this month, we will soon be able to judge whether the gathering is more than just a photo opportunity for leaders to pose in gaudy outfits.

1 Sep 2012 - 2:46am

Major IPOs herald exciting times ahead

The strong showing of the Bursa Malaysia did not come as a surprise.Photo: Bloomberg

Bursa Malaysia is abuzz with excitement. Home to the world's second- and third-largest initial public offerings (IPOs) this year, Malaysia has become the world's top IPO destination.

Next only to American social networking service corporation Facebook, in terms of capital generated through the offering, the Felda Global Ventures IPO in June raised US$3.3 billion.

31 Aug 2012 - 2:41pm

Win tickets to see the Amazing Bubble Man

Louis Pearl, who wowed audiences at the Edinburgh Festival Fringe, is bringing the Amazing Bubble Man show to Hong Kong next month.

When Lunchbox Theatrical Productions' chief executive James Cundall saw Louis Pearl's Amazing Bubble Show at the Edinburgh Fringe Festival last year, he was mesmerised by the things he could do with something as simple as washing-up liquid.

29 Aug 2012 - 3:49am

Chinese innovation is catching up

The West tends to hold a dim view of China's abilities to innovate, often emphasising its reliance on low-skill manufacturing and duplication of imported creations. However, China has been on a course to transform its economy, beginning with a model of incremental innovation but increasingly focusing on the development of independent and self-reliant intellectual property.

28 Aug 2012 - 2:36am

Economic slowdown to hit Asian insurers hard

Swiss Re predicts tough times in China and Europe. Photo: Bloomberg

Asia's insurance industry will take a hit from the economic slowdown in China and Europe, but stimulus measures such as infrastructure spending by Asian governments offer a ray of hope, analysts at Swiss Re Group say.

22 Aug 2012 - 4:21am

Little sign of housing market bubble in Australia, says Reserve Bank chief

Australians have a good record in paying off mortgages. Almost half of owner-occupiers are ahead on their payments. Photo: Reuters

Argument over whether Australian housing is in a bubble has dragged on for over a decade. A Google search on the subject draws 600,000 returns. It even has its own Wikipedia page.

22 Aug 2012 - 2:22am

Offshore yuan market gets into its stride

An employee counts Chinese 100 yuan banknotes at a branch of Bank of Communications in Shenyang, Liaoning province July 6, 2012. REUTERS/Stringer

The offshore renminbi market in Hong Kong has just turned two years old and the currency has made extraordinary strides.

20 Aug 2012 - 5:31pm

Jake's View: China banks off on flight of fancy saying NPL ratios are less than 1pc

Jake's View: China banks off on flight of fancy saying NPL ratios are less than 1pc

The average NPL ratio, or the percentag

19 Aug 2012 - 10:46am

The limits of central banking

Central banking used to be an august profession - highly respected, almost revered, mainly because central bankers looked after everybody's money. But now that Wall Street can print more money than God, and the US Federal Reserve and European Central Bank are printing money to keep their economies from deflating, central bankers have lost their god-like status.

18 Aug 2012 - 2:37am

Five years after crisis began, we still can't see the elephant

Five years after crisis began, we still can't see the elephant

The global financial crisis is five years old - more or less. There is some disagreement over when precisely it began. A lot of newspapers now seem to have fixed on August 9, 2007, as the fateful day. But looking back through the archives, I see the South China Morning Post warned US credit markets were in crisis on August 3, a week earlier.

17 Aug 2012 - 5:54am

Study links 1,000 suicides to a recession in Britain

A painful economic recession, rising unemployment and biting austerity measures may have already driven more than 1,000 people in Britain to commit suicide, according to a study published yesterday.

16 Aug 2012 - 4:29am

How to turn 'resource curse' into blessing

New discoveries of natural resources in several African countries raise an important question: will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries?

13 Aug 2012 - 11:14am

Victimised foreign helpers face uphill struggle when seeking justice

Your articles concerning injustices to overseas domestic helpers ('Maids get raw deal in labour tribunal', and 'Helper's wages case drags on after eight months', August 5) should be observed and action taken on behalf of the maids.

15 Aug 2012 - 11:30pm

Factory output growth weakest in three years

The mainland's industrial output growth cooled the most in more than three years last month, a further sign that Beijing will have to prepare more aggressive measures to counter a worse-than-expected economic slowdown.

15 Aug 2012 - 11:20pm