Economics

Indian fake degree scandal has hundreds questioning qualifications

Manav Bharti University in Himachal Pradesh sold 36,000 bogus degrees for as little as US$1,362 each, an Indian government agency investigation found.

3 Mar 2021 - 6:46PM
Investor pressure fails to stop Vietnam coal project Vung Ang 2

European asset manager Nordea had urged firms involved in the Vung Ang 2 project such as Japan’s Mitsubishi and South Korea’s Kepco to withdraw.

3 Mar 2021 - 7:11AM
Singapore’s economy slowly recovers as income and spending tick up: DBS data

Analysing anonymised customer data, the island nation’s largest bank has noted salary improvements among lower-paid workers, and fewer customers showing wage cuts.

2 Mar 2021 - 3:34PM
‘We must not let the past hold us back’: South Korea seeks reset in Japan ties

South Korean President Moon Jae-in says disputes over Japan’s wartime past and ‘comfort women’ are holding back efforts to improve future relations.

1 Mar 2021 - 3:46PM
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
Will Tesla supercharge Indonesia’s bid for electric vehicle battery crown?

The country is a key source of the nickel needed in electric vehicle batteries, but to be a major producer it must invest in tech, talent and renewable energy.

28 Feb 2021 - 8:10PM
Chinese dams, pollution give Vietnamese the Mekong Delta blues

Local communities fear diminished prospects as the country’s agricultural powerhouse loses steam amid China’s upstream energy ventures.

28 Feb 2021 - 11:16PM
As Asia puts electric vehicle revolution in gear, are Musk & Co all hype?

Electric vehicle sceptics like Japan’s Toyota chief point out that on some measures electric vehicles produce more carbon dioxide than traditional cars.

27 Feb 2021 - 9:15AM
‘Difficult to conclude’ if firms should leave Myanmar: Singapore minister

Trade Minister Chan Chun Sing said at SCMP’s China Conference: Southeast Asia that investments into Myanmar had helped create jobs and grow the economy.

26 Feb 2021 - 10:14PM
Critics ask why Australian bill singles out China for forced labour

The bill, proposed by an Australian lawmaker, wants all items made by forced labour in China, including those from Xinjiang, to be banned. But rights groups suggest including all countries known to have cases of forced labour.

25 Feb 2021 - 11:34AM
China-India border dispute: Will troop pullback revive economic cooperation?

Latest figures show India still depends heavily on Chinese goods and investments. But its policy of ‘self-reliance’, fuelled by the border dispute, means trade and investment links with its neighbour may never be the same.

24 Feb 2021 - 11:21AM
Facebook ‘re-friends’ Australian news after government amends media code

Analysts say both sides can claim a win, with Facebook avoiding enforced arbitration but Canberra emboldening other countries’ bids to regulate big tech.

23 Feb 2021 - 5:17PM
As Shopee rises, Southeast Asian rivals such as Tokopedia aren’t sitting still

These competitors are also vying for a slice of Southeast Asia’s US$62 billion e-commerce sector, looking to secure resources and partnerships as the sector evolves.

21 Feb 2021 - 1:00PM
If Laos fell into a Chinese debt trap, would it make a noise?

China’s largesse in funding infrastructure has prompted claims it is seeking leverage over poorer, indebted nations, yet Laos’ reliance on its neighbour has gone strangely unnoticed.

22 Feb 2021 - 11:02AM
Why Singapore tech giant Sea is making waves in Southeast Asia

What began as a modest gaming firm has grown into a US$137 billion behemoth with e-commerce and digital payment ambitions. Will this unicorn’s fairy tale rise have a happy ending?

21 Feb 2021 - 3:36PM
As Australia takes on Facebook, can it get the rest of the world on its side?

While some see the new law requiring the social media giant to pay for content as also being politically motivated, Facebook’s decision to block Australian media outlets has revealed the extent of the company’s influence.

19 Feb 2021 - 6:02PM
Thailand NGO pushes for halt to Mekong dam project in Laos

Laos has seen a dam-building boom in recent decades - funded in part by China, Malaysia and Thailand - but it has come at a cost for both the environment and local communities.

19 Feb 2021 - 7:03PM
Analysis | India’s Modi vs protesting farmers: who will blink first?

Indian PM has reiterated his resolve to carry out agricultural reforms, but the protesting farmers insist they will not go home without a victory.

18 Feb 2021 - 6:02PM
Opinion | Indonesia’s wealth fund managers provide needed dose of credibility

Ridha Wirakusumah, who was named as head of the Indonesia Investment Authority, gets high marks for his integrity and experience.

18 Feb 2021 - 9:30AM