Economic Impact

Hit by economic triple whammy, Scottish distillery looks to history to lift its spirits

The Glenturret Distillery is Scotland’s oldest whisky maker, but the effects of coronavirus, Brexit and crippling US tariffs, now suspended, have been severe. However, it has survived worse and will come through this crisis, its boss says.

5 Mar 2021 - 7:31AM
China’s wealth gap threatens Xi’s post-pandemic economic plan

Inequality in China is at risk of constraining consumption as Beijing rolls out its new ‘dual circulation’ economic strategy, which focuses on boosting domestic demand.

4 Mar 2021 - 2:37PM
China-Australia education sector takes hit amid trade row, survey shows

More than 80 per cent of companies in the China-Australia education sector say bilateral tensions have hurt business over the past year, according to a new survey.

4 Mar 2021 - 5:51AM
Hongkongers may have to wait up to six months to resume travel: tourism official

Dane Cheng, of Hong Kong Tourism Board, says the pandemic is not likely to go away this year, though vaccination can ease the outbreaks.

4 Mar 2021 - 2:05PM
Laos tipped to be the ‘next Cambodia’ as it relaxes rules for foreign homebuyers

Amended laws allowing foreigners a leasehold of up to 50 year may spur demand from countries like mainland China, Hong Kong, Japan and Korea, say analysts.

2 Mar 2021 - 1:30PM
Hotels may become apartment blocks as Hong Kong owners pivot amid downturn

The successful applications of two hotels to convert their properties into residential buildings comes as home seekers regain confidence in anticipation that the Covid-19 vaccination will help revive the economy.

2 Mar 2021 - 1:00PM
How did Singapore pull off its US$19 billion Jobs Support Scheme?

During lockdown, the city was paying 75 per cent of the first S$4,600 earned by every Singaporean and permanent resident each month.

1 Mar 2021 - 11:35AM
China’s number of super rich grew fastest in 2020

The elite club of people whose net worth exceeds US$30 million excluding their primary residence swelled by 16 per cent in China last year, the report found.

1 Mar 2021 - 11:34AM
China fiscal risks ‘extremely severe’, former finance minister warns

Government revenue in China expected to remain low in the next five years, with no prospect of spending cuts, Lou Jiwei says.

1 Mar 2021 - 10:40AM
UK finance chief to provide £5 billion in grants to virus-hit businesses

Shops, bars, clubs, hotels, restaurants, gyms and hair salons would be among nearly 700,000 companies eligible for cash grants of up £18,000.

28 Feb 2021 - 7:06AM
‘I’m really worried about West End’: virus decimates Europe’s shopping hub

Oxford Street’s reputation as Europe’s premier shopping destination faces its biggest threat in decades amid a flood of store closures.

27 Feb 2021 - 8:07PM
House passes Joe Biden’s US$1.9 trillion coronavirus relief package

The sprawling measure backed by the president and seen as a moral imperative by many now heads to the Senate for consideration next week.

27 Feb 2021 - 4:40PM
Vaccine roll-out means ‘worst over’ for Hong Kong’s retail sector, says New World

Retail sales likely to surge by double digits in the second half of the year, New World’s chief executive predicts.

27 Feb 2021 - 7:50AM
World’s biggest glove maker eyes US$1.9 billion Hong Kong listing

Malaysia’s Top Glove plans to issue 1.49 billion new shares as part of a dual listing in Hong Kong.

27 Feb 2021 - 2:11AM
Hong Kong developers’ profits plunge as travel curbs hit hotels, malls

Sun Hung Kai Properties, Hysan Development and Sino Land see profits at their hotel and shopping centre businesses tumble as travel restrictions keep visitors away.

26 Feb 2021 - 11:39AM
Firms in China’s south reject decoupling but wary of trade war escalation

Small and medium-sized companies in South China are slightly more positive about US-China ties in 2021 than previous years, but most think bilateral frictions will expand.

26 Feb 2021 - 9:43AM
Union threatens industrial action over KMB plan to cut working hours

Changes to contracts will result in workers’ monthly pay being cut by one-third, from HK$18,000 to HK$12,000, union says.

25 Feb 2021 - 9:30PM