Economics

Wheat is loaded onto a ship in India. Maritime logistics provider DP World plans to invest hundreds of millions of dollars in renewable energy in its operations around the world, including in Asia. Photo: AFP
UAE port operator DP World warms to more renewable energy in Asia

Firm, moving 10 per cent of global cargo, plans to invest hundreds of millions of dollars in decarbonisation strategy and says population’s needs can be met sustainably.

5 hours ago
A still image taken from Niluh Djelantik’s Instagram video calling for “trashy tourists” to go home, showing Canadian Jeffrey Craigen, who was deported from Bali for dancing naked on top of a mountain. Photo: Instagram
Bali’s back – but so are the ‘trashy tourists’

From complaining ‘Karens’ to naked social media influencers, there’s been a rash of reports about badly-behaved foreigners since Bali reopened to international tourism in March.

23 May 2022 - 3:10PM
US President Joe Biden and his South Korean counterpart Yoon Suk-youl leave after a joint news conference at the People’s House in Seoul, South Korea on Saturday. Photo: Reuters
Biden touts wider regional cooperation in South Korea visit, avoids mentioning China

A joint statement from Biden and South Korea’s Yoon Suk-yeol, said they were committed to promoting stability across the Taiwan Strait, but did not mention China.

21 May 2022 - 7:31PM
A worker unloads wheat grain from a sack inside a mill of refined wheat flour at Khanna in India’s Punjab state. The United States hopes that India will reverse its decision to ban exports of wheat, which will worsen global shortages of the commodity, Washington’s top diplomat to the United Nations said. Photo: AFP
How India’s plan to ‘feed the world’ was doomed by heatwaves, wheat export ban

High inflation, and record setting heatwaves in India forced Prime Minister Narendra Modi’s to halt wheat exports to prioritise domestic consumption.

19 May 2022 - 8:04PM
Gwadar port, which provides China with its sole overland connection with the Indian Ocean via CPEC infrastructure in Pakistan. Photo: Xinhua
Are China’s belt and road projects in cash-strapped Pakistan losing momentum?

Pakistan’s new coalition government is struggling to secure finance for the initiative promised by former PM Imran Khan; negotiations with IMF continue; Beijing has financed US$25 billion of infrastructure since 2015.

18 May 2022 - 6:38PM
A sightseeing boat carries tourists on the Oi River at Arashiyama, one of Kyoto’s most popular tourist destinations, in Japan. Photo: Buddhika Weerasinghe/Getty Images
Travel sector ‘very happy’ as Japan reopens to tours from 4 countries

Tourists who have been triple-vaccinated and come from the United States, Australia, Thailand and Singapore will be allowed to take part in specified tours starting later this month.

17 May 2022 - 4:16PM
Indonesian President Joko Widodo and Elon Musk at the SpaceX launch site in Texas, United States. Photo: Handout
Will Indonesia finally win Elon Musk’s help to realise its EV dreams?

President Joko Widodo has for years been wooing the Tesla and SpaceX CEO to invest in nickel-rich Indonesia, which is seeking grow its electric vehicle sector.

17 May 2022 - 7:30AM
An anti-government demonstrator protests near the president’s office in Colombo. Photo: AFP
Without an IMF bailout, Sri Lanka faces ‘collapse beyond redemption’

Time is running out, but new PM Ranil Wickremesinghe is struggling to forge a unity government as strongman President Gotabaya Rajapaksa clings to power.

17 May 2022 - 2:19AM
British Prime Minister Boris Johnson welcomes his Japanese counterpart Fumio Kishida to Downing Street earlier this month. Photo: Kyodo
Japan nears deal with Britain to buy next-generation fighter jet

The deal would mark the first time in 70 years that Tokyo has signed a major defence project with a country other than the United States, a decision that analysts suggest indicates Japan’s desire to build stronger political and security alliances with more like-minded nations.

16 May 2022 - 4:08PM
A hawker prepares noodles at her shop in Singapore. Photo: Reuters
High wheat prices hit Asia’s street food favourites, from roti canai to ban mian

A looming global shortage of wheat amid the war in Ukraine has sent the cost of flour used in ‘ban mian’, ‘roti canai’ and other popular snacks shooting up, leaving vendors little choice but to pass on the increase to customers.

14 May 2022 - 10:30AM
U.S. President Joe Biden hosts a virtual Covid-19 Summit as part of the United Nations General Assembly at the White House in September 2021.Photo: Reuters
‘Japan is feeling anxious’ as Biden’s visit coincides with US’ IPEF launch

The US sees the Indo-Pacific Economic Framework as a complementary economic pact, but Japan perceives it undermines the CPTPP, which Tokyo worked to develop after Washington withdrew from the forerunner of the deal, the TPP.

12 May 2022 - 4:04PM
A wind turbine is seen surrounded by solar panels at a wind farm in southern Vietnam’s Binh Thuan province. Photo: AFP
Can Vietnam revive flagging wind, solar to transition to clean energy?

China’s experience could offer lessons but Hanoi remains wary of involving Chinese investors in projects deemed crucial to national security.

10 May 2022 - 11:03AM
LIC (Life Insurance Corporation of India) is set to become India’s largest ever IPO, which is estimated to raise US$2.7 billion. Photo: Reuters
Inflation, war worries can’t slow investor demand for LIC, India’s largest IPO

A record share sale of US$2.7 billion by state-run Life Insurance Corporation of India was fully taken up four days before the offering closes, as an attractive price and deep discounts spurred demand from small investors.

7 May 2022 - 5:00PM
Workers load palm oil fresh fruit bunches to be transported from the collector site to factories in Riau province, Indonesia. Photo: Reuters
Pakistan reels from Jokowi’s decision to ban palm oil exports

Inventories have been running low due to financial pressure caused by spiking international edible oil prices, following the loss of sunflower oil supplies from Russia and Ukraine, and the volatility in the exchange rate of the rupee.

5 May 2022 - 5:40PM
Australia’s Prime Minister Scott Morrison (L) and India’s Prime Minister Narendra Modi meet for a bilateral meeting during the 2018 ASEAN Summit in Singapore in November 2018. Photo: EPA-EFE
Can India fill the China-shaped hole in Australia’s economy?

Canberra has sought new free-trade deals after its largest trading partner China placed restrictions on some Australian exports in 2020 amid spiralling tensions.

2 May 2022 - 7:35PM
A woman harvests wheat on the outskirts of Jammu, India on Thursday. Photo: AP
As West slaps sanctions on Russia, India counts its ‘blessings’

Russia and Ukraine account for 30 per cent of global wheat, but the war disrupted sales, allowing India, the world’s second-largest producer to fill the void.

1 May 2022 - 5:00PM
Look for house brand products when grocery shopping. File photo: AFP
Abacus | 8 tips to save money as inflation hits households from Singapore to China

Using a budget app can reduce expenses without affecting your quality of life, while buying second-hand and learning to invest will help ease the pressure on your household, Singapore blogger Dawn Cher says.

1 May 2022 - 11:30AM
Crowds outside the Zouk nightclub at Clarke Quay in Singapore. Photo: Bloomberg
Singapore’s nightlife is returning, but first jobseekers need to show up

As the city state relaxes its pandemic rules, there has been a flurry of reopening in the F&B sector and operators are on a hiring drive, creating stiff competition for talent.

30 Apr 2022 - 12:00PM
Workers load palm oil fresh fruit bunches to be transported from the collector site to CPO factories on Wednesday. Indonesia banned palm oil exports to help control soaring food prices. Photo: Reuters.
Why did Indonesia suspend all exports of palm oil? One word: voters

The government says the export ban was imposed to help reduce domestic shortages and hold down prices, but some analysts think it was done to appeal to voters.

28 Apr 2022 - 8:55PM
Bunches of harvested palm oil fruit are loaded onto a truck in Indonesia’s Borneo. File photo: Bloomberg
Indonesian palm oil export ban could ‘lead to unrest’ as inflation hits poorest

The ban comes at a time when the export tonnages of all other major oils are globally under pressure, including sunflower oil amid Russia’s invasion of Ukraine.

25 Apr 2022 - 10:54PM