Economy

Chinese President Xi Jinping landed in Cambodia on April 17 for a two-day state visit, marking the final stop of his Southeast Asia tour. This visit, his first since 2016, focuses on boosting China-Cambodia ties, especially in trade, infrastructure, and regional cooperation. Xi was warmly welcomed by King Norodom Sihamoni in Phnom Penh, after which he was set to confer …

The Bank of Japan revealed through its latest survey that Japanese consumers expect increasing prices and show record annual inflation forecasts from the survey. People answered the Bank of Japan survey from February 6 to March 4 and told researchers that prices would go up 12.2% during the following year. This increase marks a jump from the prior 11.5% seen …

It is Asia that can boast of having the most powerful and most renowned companies in the world. These companies in energy, technology, aviation, and every other industry seemingly outshine everyone else in the global arena. Let’s take a quick look at the 10 massive corporations stirring up the Asia countries in 2025. 1. Saudi Aramco Industry: Oil and Gas …

Once again crowned the world’s best entrepreneurship nation in the Global Entrepreneurship Monitor (GEM) Report, the UAE has claimed the number-one position for four successive years now. This further consolidates the image of a country where business is favorable because of its environment, supported by the government, and booming with startup culture. The Startups’ Conducive Environment In 56 economies, the …

Emirates has launched a new product, Emirates Courier Express, which promises faster, more reliable, flexible express shipping to customers around the globe. Developing the service very closely hand-in-hand with customers over the past year and nearly 40 years of experience in logistics, Emirates has only gone into the official launch. Dubai has already delivered some thousands of packages within the …

The unveiling of an instrument that may symbolize a step toward updating the country’s financial identity is the celebration of the unveiling of the new symbol for the Dirham, introduced in the UAE. On Thursday, the Central Bank of the UAE (CBUAE) announced the new symbol, which will be circulated practically with the Dirham in cash and digital formats. Inspiration …

Vietnam becomes the rising star for that tourism scene in the annals of Southeast Asia; it surpasses its regional competitors quietly but powerfully. Thailand has been popular for ages as a destination for travel in the region, recently boosted by being featured in the Season 3 stop of The White Lotus, but Vietnam is also on its way to becoming …

Asia, a continent varied in culture and economic endowment, is, however, home to some of the gravest poverty challenges found anywhere. Whereas many countries in Asia have recorded notable advances in economic growth over the past few decades, extreme poverty remains an ongoing issue debilitating millions. The sharp contrast between life in flourishing cities and rural poverty-stricken areas is, therefore, …

Emerging as the economic powerhouse of the world over the past few decades, Asia is truly going through something unprecedented. In addition to the manufacturing power that China boasts, the technology boom from India’s side, and the rising industrial hubs in Southeast Asia, all this continues to reshape the global marketplaces. But what is driving this rapid growth, and how …

According to the most recent data produced by the Bank for International Settlements and released on Thursday, South Korea’s total debt- household, corporate, and government liabilities alike- grew by 4% within the third quarter of the past year, breaking its debt threshold past 6.2 quadrillion won ($4.24 trillion), which has now become 2.5 times the GDP of the country. Thus, …