Economics

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
Asia’s e-sports stars train like athletes – and get paid like bosses

They spend 12 hours a day training and live with their team under the constant watch of coaches and psychologists, all for the glory of the arena and a shot at great riches.

9 Aug 2020 - 12:28PM
South Korea’s soaring house prices dash home ownership dreams

Seoul is struggling to curb runaway home prices, which have risen an eye-watering 34 per cent on average since President Moon Jae-in came to power.

9 Aug 2020 - 9:05PM
Think telemarketers are a pest? Wait till China’s AI versions call

They can make 3,000 calls a day without getting tired or temperamental and even blocking their number won’t stop them getting through. And there’s little point swearing at them.

8 Aug 2020 - 5:30PM
Ex-Malaysian minister in court for corruption, as wife arrested

Lim Guan Eng, a key member of the ousted Pakatan Harapan coalition, pleaded not guilty to a corruption charge, as his wife was arrested in a separate matter.

7 Aug 2020 - 9:04PM
US pulls plug on Chinese-language news site for Australia

Decode China had been envisaged as an outlet to ‘expose and counter propaganda and disinformation’. No reason was given for its abrupt termination.

7 Aug 2020 - 10:27PM
Protesting Indonesian students threaten to deport Chinese workers

The students worry jobs at nickel smelter projects in Sulawesi are being taken away from locals, as the coronavirus pandemic increases unemployment.

6 Aug 2020 - 10:47PM
Cambodians cheer Thai ruling to allow lawsuit against sugar firm

A Bangkok court ruled that about 3,000 Cambodians could proceed with a class-action suit against Mitr Phol over land seized for sugar plantations.

6 Aug 2020 - 3:02PM
Japan, Britain rush to seal post-Brexit trade deal

Analysts say the critical deal has been scaled back to get it signed and ratified on time, though it can be built on in the future.

5 Aug 2020 - 10:06PM
Between the US and China, all new trade roads lead to Afghanistan

The Beijing-Washington rivalry has extended to the war-torn country in the dash to build corridors linking Central Asia, South Asia and the Middle East.

3 Aug 2020 - 11:31AM
Live-stream shopping comes to Southeast Asia, and it’s not like in China

In China, audiences tune in for the human stars of the shows. But in Southeast Asia, it is the brands that are the stars.

3 Aug 2020 - 8:42AM
Thailand’s international schools eye rosy post-pandemic future

From just a handful of schools in the 1990s to more than 250 today, Thailand’s international schools sector is a major draw for students and investors alike.

2 Aug 2020 - 8:32PM
In South China Sea, Philippines is between pebble and hard place

Manila and Beijing might be playing down differences in the South China Sea as ‘a little pebble in the road’, but they’ll have a tough time convincing the Filipino public.

2 Aug 2020 - 9:32AM
E-commerce in Southeast Asia rides high on pandemic boom

The sector was already tracking massive growth, increasing almost 600 per cent in the space of four years – the coronavirus only accelerated that trend.

4 Aug 2020 - 4:05PM
Pacific island nations beat Covid-19 but now face economic devastation

While the countries recorded fewer than 100 coronavirus cases in total, they now face the threat of an additional 1.2 million people entering extreme poverty, according to the Asian Development Bank.

30 Jul 2020 - 10:50PM
Malaysia-Singapore metro link to go ahead as ties thaw post-Mahathir

Resumption of the US$880 million project comes as the countries’ bilateral ties have stabilised under Malaysia’s new prime minister, Muhyiddin Yassin.

30 Jul 2020 - 8:25PM
Coronavirus could hasten Singapore bond market defaults

With nearly US$12 billion worth of bonds set to mature in a deepening recession from now through next year, more financial distress and soured debt may be on the cards.

30 Jul 2020 - 2:21PM
As US-China tensions heat up, Taiwan’s firms pivot to India

India’s giant market, inexpensive skilled workforce and generous tax breaks aren’t the only things drawing investment from Taiwanese firms.

29 Jul 2020 - 11:02AM
Singapore’s Q2 retrenchments spike, surpassing Sars levels

Singapore recorded 6,700 lay-offs in Q2, but the numbers may yet worsen as subsidies to help firms cope with the coronavirus expire, analysts say.

29 Jul 2020 - 9:46PM