Economy of Asia

Economy still runs hot, despite clampdown

April trade surplus hits record US$13b and inflation picks up, figures show

Tuesday, 13 June, 2006, 12:00am

Hyundai woes cast shadow over car sector

The indictment of Hyundai Motor Group chairman Chung Mong-koo on Tuesday sent shock waves through the executive ranks of South Korea's largest - and the world's seventh-largest - carmaker at a time when the country's car industry faces multiple challenges.

20 May 2006 - 12:00am

Foreign investors blamed for surge in property sector

A former senior Ministry of Construction official yesterday accused foreign investors of driving up the mainland property market and urged the government to use economic rather than administrative means to cool the overheated sector.

26 Apr 2006 - 12:00am

Asian stocks tumble as players cash out

High energy costs and rising regional units give excuse for profit taking

Stock markets fell across much of Asia yesterday as high energy costs and a surge among regional currencies against the US dollar gave investors an excuse to take profits after the recent rally.

25 Apr 2006 - 12:00am

Property market wobbles aren't an earthquake

The latest data on new demand for home loans may have rung alarm bells among Hong Kong lenders that have come to rely on mortgage business for a big share of their interest incomes.

1 Sep 2005 - 12:00am

Back to the future as region grapples with economic imbalances

THERE IS A creeping sense of deja vu across Asia that we are somehow back in the future - the 1997 financial crisis to be precise. The causes and specifics may be different but the sense of building panic is oddly familiar.

27 Aug 2005 - 12:00am

Shelved asset sales put India reforms on hold

On August 15, as India marked the 58th anniversary of its independence from British rule, the government gave the national economy a rude shock by calling off plans to sell a portion of its equity stake in 13 profitable public-sector companies.

24 Aug 2005 - 12:00am

Statistics show slower growth

A dazzling array of statistics has been paraded by China's government departments over the past week, keeping observers busy trying to figure out what is happening in the world's fastest-growing economy.

19 Aug 2005 - 12:00am

September revaluation of yuan likely, says analyst

Economists are again predicting that the Chinese government will soon revalue the yuan, with some bold enough to offer a time frame

'We think Beijing will move before September,' said JP Morgan economist Ben Simpfendorfer.

18 Jul 2005 - 12:00am

Temporary governor tells it like it isn't to Asia Minor gathering

'I believe more wealth could be generated if savings in the region could be recycled to finance investments in the region, if intra-regional trade could grow faster and if investors could move funds easily from one economy to another in the region'

Peter Pang,

Temporary Alternate Governor, Hong Kong, China

10 May 2005 - 12:00am

Be your own financial masters

It is very possible that, in just a few years, the financial shape and structure of Asia will evolve in dramatically different ways. If handled properly, the emergence of a more tightly woven region able to work together in the face of currency and economic turbulence should prove a blessing for everyone.

5 Apr 2005 - 12:00am

Regional focus shifting to KL property

Malaysia's status as an also-ran in the regional property stakes could be about to change as a new broom in government and speculation about the country's currency peg act as twin magnets for new investment.

23 Jan 2005 - 12:00am

Steady as she goes

AFTER A YEAR that saw Hong Kong record its most robust growth since before the Asian financial crisis in 1997, what does 2005 hold in store for the Hong Kong economy? More of the same but less, say economists.

13 Jan 2005 - 12:00am

Once despised, yuan comes into neighbours' embrace

Hong Kong could yet see itself as a major offshore centre for the rising currency

From today, holders of Chinese yuan-denominated credit cards will be able to use them in South Korea, Singapore and Thailand, the first foreign countries to accept the cards, which can already be used in Hong Kong and Macau.

10 Jan 2005 - 12:00am

Currency woes spark fears of 'reverse crisis'

Disarray in the currency markets has sparked talk of a reverse Asian financial crisis, as chronic US dollar weakness incites a treasure hunt for undervalued Asian assets and higher-yield investments.

14 Nov 2004 - 12:00am