Economic Impact

Trump’s claim trade deal means ‘very little’ ratchets up pressure on China

US President Donald Trump has downplayed the importance of the phase one trade deal with China as top negotiators prepare to discuss progress on the pact in coming days.

2 hours ago
Hong Kong Disneyland asks employees to go back on unpaid leave

A 20 to 30 per cent salary reduction, introduced in April for executives at vice-president level and above, will also remain in force until further notice.

1 hour ago
Macau casino stocks soar as mainland Chinese tourist visas resume

Zhuhai will be the first city to be issued with tourist visas, says the Macau government, though visas will be halted if there are signs of virus transmissions returning.

11 Aug 2020 - 5:23PM
Hong Kong restaurant group to roll out food safety scheme to ‘rescue’ industry

The group, which represents the catering industry, says the scheme could create hundreds of jobs.

11 Aug 2020 - 11:09AM
How Covid-19 is changing the world we live in day by day

Global Impact is a fortnightly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world.

10 Aug 2020 - 2:00PM
Thailand’s rich ‘Hi-So’ elite unfazed by pandemic’s economic scourge

With tourism and exports in free fall, Thailand’s economy could shrivel by as much as 10 per cent this year, but there are plenty in the Southeast Asian nation who are ‘financially immune’.

10 Aug 2020 - 1:29PM
As pandemic batters Singapore’s economy, lost jobs threaten long-term pain

The impact is likely to be worse than after the 1997 Asian financial crisis, as accelerated economic restructuring reshapes industries, destroying some jobs permanently.

10 Aug 2020 - 10:04AM
‘Will travel ever come back? At the moment, nobody can tell’

A publisher of travel guides has seen his business plunged into uncertainty by the collapse in international travel. Another publisher sees a vast untapped market for armchair travel until we start taking trips again.

10 Aug 2020 - 6:42PM
Plastic pollution plagues Southeast Asia amid Covid-19 lockdowns

Malaysia, Thailand, the Philippines and Indonesia have seen a surge in plastic waste as environmental awareness takes a back seat to health concerns.

10 Aug 2020 - 3:19PM
Hong Kong musicians fall on hard times as Covid-19 relief passes them by

Working performers not always eligible for financial support from government, with venues such as bars not recognised under scheme.

9 Aug 2020 - 10:41PM
Environmental concerns as Hongkongers turn to Sai Kung islands for leisure

Basalt Island, where expat banker fell and died, among unspoilt spots attracting more visitors

9 Aug 2020 - 12:09PM
Trump signs coronavirus relief orders after talks with Congress collapse

Americans unemployed due to pandemic to get extra US$400 a week, down from US$600 in earlier package.

9 Aug 2020 - 5:33AM
New Zealand PM begin re-election campaign after successful coronavirus response

Jacinda Ardern hit 60 per cent support in the latest surveys after her leadership through the Christchurch mosque attacks, the White Island volcanic eruption and the pandemic.

8 Aug 2020 - 2:58PM
India cases double to 2 million in 3 weeks, Thai schools to fully open

India has been posting an average of around 50,000 new cases a day since mid-June, but experts say its testing rate at 16,035 per million people is far too low.

7 Aug 2020 - 8:26PM
Beat it and they will come? Tourism in Mauritius after Covid-19

Mauritius has the best coronavirus record in Africa, with no local infections for three months. Now the government is under pressure to safely restart tourism.

7 Aug 2020 - 3:23PM
Uber's food-delivery business doubles but Covid-19 eviscerates rides demand

Uber Technologies said demand for its food-delivery service more than doubled in the second quarter, while demand for ride-hailing trips was only marginally recovering from pandemic rock-bottom.

7 Aug 2020 - 10:19AM
Enterprising Hongkongers find ways to boost income amid pandemic gloom

Depressing jobs scene drives some to turn talents, hobbies into potential money-spinners.

7 Aug 2020 - 6:22PM