Economic Impact
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.
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.
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.
Dane Cheng, of Hong Kong Tourism Board, says the pandemic is not likely to go away this year, though vaccination can ease the outbreaks.
Homebuyers could face higher transaction costs globally as governments raised wealth taxes or mulled new ones to refill state coffers after spending almost US$20 trillion in stimulus to keep economies afloat during the pandemic.
Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, says Chinese officials are ‘very worried’ that foreign asset bubbles will burst.
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.
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.
During lockdown, the city was paying 75 per cent of the first S$4,600 earned by every Singaporean and permanent resident each month.
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.
Government revenue in China expected to remain low in the next five years, with no prospect of spending cuts, Lou Jiwei says.
Shops, bars, clubs, hotels, restaurants, gyms and hair salons would be among nearly 700,000 companies eligible for cash grants of up £18,000.
Oxford Street’s reputation as Europe’s premier shopping destination faces its biggest threat in decades amid a flood of store closures.
The sprawling measure backed by the president and seen as a moral imperative by many now heads to the Senate for consideration next week.
Retail sales likely to surge by double digits in the second half of the year, New World’s chief executive predicts.
Malaysia’s Top Glove plans to issue 1.49 billion new shares as part of a dual listing in Hong Kong.
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.
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.
Changes to contracts will result in workers’ monthly pay being cut by one-third, from HK$18,000 to HK$12,000, union says.