Prices of power-assisted bikes on rise in Japan
Prices are on the rise for power-assisted bicycles, which are becoming fixtures as a means of transportation in everyday life.
China factory activity growth slows
Growth in China’s factory activity slowed in January as a resurgence of Covid-19 cases and tough lockdowns hit production and demand, but the slight expansion offered some signs of resilience as the world’s second-largest economy enters a likely bumpy new year.
Singapore tightens monetary policy on inflation risks
Singapore’s central bank tightened its monetary policy settings on Tuesday in its first out-of-cycle move in seven years, as global supply constraints and brisk economic demand elevate inflation pressures across the region.
Dollar price may cross 200 Pakistani rupees
The dollar price may cross Rs200 with the sudden imposition of a withholding tax on exchange companies, which are getting notices to the tune of hundreds of millions of rupees from the Federal Board of Revenue (FBR).
Asian-owned shipbuilders in Germany file for bankruptcy
Asian tourism and casinos giant Genting’s shipbuilding subsidiaries in Germany filed for bankruptcy Monday, which one union leader described as a “dark day” for the country’s dockyards.
China’s aviation sector aims for profitability
China’s aviation sector will aim to turn losses into profits this year with an expected recovery to 85 per cent of its pre-Covid volume of domestic passenger trips, the aviation regulator said on Monday.
Baby lost in Afghanistan airport chaos found, returned to family
An infant boy handed in desperation to a soldier across an airport wall in the chaos of the American evacuation of Afghanistan has been found and was reunited with his relatives in Kabul on Saturday.
China to order reviews for firms seeking overseas listings
China said on Tuesday it will put in force new rules to increase its oversight of plans by Chinese platform firms to list on overseas stock markets in the latest move to tighten its grip on its sprawling technology sector.
Japan enacts record extra budget to boost virus-hit economy
Japan’s parliament enacted a record supplementary budget worth over $300 billion on Monday as part of measures to bolster the world’s third largest economy as the pandemic threat drags on.
Sri Lanka hikes fuel prices as economic crisis worsens
Sri Lanka raised fuel prices Tuesday and warned of possible petrol rationing with importers struggling to pay for oil, in a worsening economic crisis that has also sparked food shortages.