Category: Economy

Regional ASEAN editorial on Singapore’s billionaire wealth surge, now the third highest in Asia‑Pacific.

Fortune highlights 29 global super‑billionaires worth $4 trillion, two‑thirds based in the United States.

An overview of Indonesia’s middle class traits, from consumption patterns to digital participation.

Indonesia inaugurates Lotte Chemical’s Cilegon plant, saving $1.4 billion in imports and boosting regional supply chains.

IMF’s 2025 report highlights 10 nations with near‑zero debt. From Macau to Brunei, their fiscal discipline offers insights for ASEAN

Tan Sri Robert Kuok, Malaysia’s richest man and Asia’s legendary “Sugar King,” just celebrated his 102nd birthday on October 6,

Global Finance’s 2025 ranking of the world’s poorest countries highlights South Sudan, Burundi, and the Central African Republic. ASEAN voices

Vietnam’s State Bank issues Circular 27 mandating reports on domestic transfers above $19,000 and cross-border transactions from $1,000, strengthening anti-money

Under Governor Wayan Koster, Bali welcomes a new international airport located in Badung—the province’s richest district and home to the

Thailand recorded 22.39 million foreign visitors from January to early September 2025, down 7.11% year-on-year, as Vietnam rises in global

Singapore placed 48th globally and 6th least complex in Asia Pacific in TMF Group’s 2025 Global Business Complexity Index, trailing

Thailand’s foreign tourist arrivals dropped 7.04% year-on-year between January and mid-August 2025, prompting officials to revise down annual targets.

From airlines and airports to luxury resorts and eco-tourism, meet the 100 most influential leaders driving the Middle East’s travel

Microsoft, Alphabet, Amazon, and Meta intensify AI investments in 2025, with capital expenditures projected to exceed US$330 billion globally.

From family businesses to unicorn startups, nine Indonesian entrepreneurs demonstrate resilience, creativity, and innovation in shaping economic progress.

The Fintech Frontiers 50 Awards, part of MyFintech Week 2025, will honour Southeast Asia’s fintech pioneers in Kuala Lumpur on

At the G20 meeting in South Africa, China’s Finance Vice-Minister Liao Min highlighted domestic consumption as the main force behind

Despite global market shifts, Singapore remains the world’s costliest city for high-net-worth individuals, surpassing London and Hong Kong, according to

Nearly half of Australia’s small business owners are not contributing to superannuation, raising concerns over future retirement security amid a

As ASEAN economies grow and diversify, understanding whether real estate or stocks offer superior long-term returns is key for regional

Jakarta – Indonesia’s stock market has recently faced turbulence, as reflected in the sharp decline of the Jakarta Composite Index

KUALA LUMPUR – Malaysia’s economy is projected to expand between 4.5% and 5.5% in 2025, according to the latest forecast

The Federal Reserve announced on Wednesday that it would once again keep interest rates unchanged, a move widely expected by

JAKARTA – Former U.S. President Donald Trump has issued a stern warning to the European Union (EU), threatening to impose

Hong Kong — Asian stock markets tumbled on Tuesday as growing concerns over a looming economic recession in the United

HONG KONG – China’s economy is facing an intensifying battle against deflation, as consumer prices fell to their lowest level

The Indonesian Stock Exchange (IDX) saw an encouraging start to trading on Friday (March 7), with the Jakarta Composite Index

New York — American consumers should brace for imminent price increases as two of the country’s largest retailers, Target and

Tariffs have long been a contentious issue in global trade policy, often serving as a tool for economic protectionism. However,

Hong Kong (Reuters) – HSBC has reported an annual profit that surpassed analyst expectations, driven by robust performance in its

Elon Musk’s ambitions have always extended beyond the conventional boundaries of business and technology. Since acquiring Twitter—now rebranded as X—in

Gold has once again solidified its position as a premier investment asset as its price continues to surge over the

HONG KONG — In a swift and calculated response to the latest trade measures imposed by the United States, China

New York – Tesla, the pioneering electric vehicle manufacturer led by CEO Elon Musk, reported an unexpected earnings miss for

In a bold move signaling a tougher approach towards China, President Donald Trump announced that additional tariffs could soon be

New York — U.S. stock markets soared on Wednesday, driven by a combination of easing inflation data and extraordinary fourth-quarter

In a strategic move underscoring its commitment to driving national economic growth, Bank Indonesia (BI) decided to cut its benchmark

California’s homeowners find themselves caught in a growing insurance crisis as the threat of wildfires intensifies and insurers withdraw from

Rolls-Royce, a name synonymous with opulence and craftsmanship, has announced a major expansion of its Goodwood factory and global headquarters

The United States Department of Defense has intensified its scrutiny of Chinese corporations, adding Tencent Holdings Ltd., a leading social

As the new year dawned, millions of American workers welcomed a financial reprieve as hourly minimum wages rose in 21

The Jinjiang Group, a contractor for the renowned Chinese electric vehicle (EV) manufacturer BYD, has strongly denied allegations from Brazilian

New York, NY — Travelers across the United States faced significant disruptions on Tuesday morning after a technical issue caused

In a significant yet anticipated conclusion to its final monetary policy meeting of the year, the Bank of England (BoE)

New York — KFC’s iconic “finger lickin’ good” promise takes a daring leap forward at its newest concept store, “Saucy.”

Amazon, one of the largest employers in the United States, has come under renewed scrutiny following a comprehensive investigation led

Rochester, Minnesota — On the Sunday before Thanksgiving, a grocery store in this quiet Midwestern town faced an unusual dilemma:

Costco Wholesale Corp. delivered impressive fiscal first-quarter results, outpacing Wall Street estimates in both revenue and earnings. The membership-based warehouse

Warner Bros. Discovery, the media giant behind iconic brands such as CNN, HBO Max, and Warner Bros. Pictures, unveiled a

In a landmark decision that could reshape the dynamics of corporate boardrooms across the United States, the 5th US Circuit

China is gearing up for a transformative economic push in 2025, as top officials signal a decisive shift towards more

NEW YORK — In a significant rebuke to Boeing and the U.S. Department of Justice, U.S. District Court Judge Reed

New York — In a candid and wide-ranging conversation at The New York Times’ DealBook Summit, Jeff Bezos, founder of

Indonesia and Canada have officially signed the Joint Declaration on the Conclusion of the Indonesia-Canada Comprehensive Economic Partnership Agreement (CEPA),

Carlos Tavares, the commanding figure at the helm of Stellantis—a global automotive titan overseeing iconic brands such as Vauxhall, Jeep,

Canada’s Competition Bureau has launched a significant lawsuit against Google, alleging the tech giant engaged in anti-competitive conduct to secure

In a groundbreaking move, Australia has passed the world’s strictest law to date, which bans children under the age of

London — The specter of rising costs looms over global consumers as Ikea, the Swedish furniture giant, joins a growing

New York — Walmart, the largest private employer in the United States, has announced significant changes to its diversity, equity,

Bandung — The Pullman Bandung Grand Central became a beacon of celebration on November 9, 2024, as it hosted the

New York — Egg prices, a household staple often associated with affordability, have been climbing steadily for the past two

Trump Media & Technology Group, the company behind Truth Social, the social media platform associated with President-elect Donald Trump, appears

Australia’s higher education sector finds itself mired in uncertainty after a controversial bill proposing caps on foreign student numbers hit

New York — In a significant move that could reshape the media landscape, Comcast Corporation is preparing to spin off

The clean energy downstream sector in Indonesia is rapidly gaining traction as a magnet for investment, projected to unlock a

As Donald Trump prepares to take office once again, his administration’s economic policies promise to reshape the financial landscape for

A significant portion of American workers, nearly 57 million people in the private sector, lack access to a retirement savings

In an unexpected turn of events, a powerful eruption from Indonesia’s Mount Lewotobi Laki-laki has disrupted air travel across Bali,

Bitcoin reached a historic high on Sunday, soaring past the $80,000 mark amid fervor surrounding the recent U.S. presidential election.

The Korea Agro-Fisheries & Food Trade Corporation (aT) has launched an extensive support initiative targeting Indonesian businesses involved in importing

New York — After weeks of intense negotiations and economic uncertainty, Boeing workers have officially voted to accept the latest

Warren Buffett and his company, Berkshire Hathaway, continued scaling back their stock investments in the third quarter of 2024, significantly

New York, NY — In an unprecedented wave of cancellations, over 250,000 Washington Post subscribers have terminated their memberships after

China’s economic landscape has crowned a new wealth leader, a symbolic rise reflecting both the global influence of technology and

In an op-ed published late Monday, Amazon founder and Washington Post owner Jeff Bezos publicly defended the newspaper’s recent decision

New York — In a surprising turn of events, former President Donald Trump’s social media venture, Trump Media & Technology

In a new initiative aimed at extending its value to millions of loyal customers, Amazon Prime has unveiled an exclusive

The Justice Department is preparing to defend its inclusion of diversity, equity, and inclusion (DEI) policies as a factor in

The Indonesia Stock Exchange Composite Index (IHSG) opened Thursday, October 24, 2024, with a decline of 8.89 points or 0.11%,

New Delhi – Hyundai Motor India made its much-anticipated debut on the Indian stock exchanges on Tuesday, but the performance

ByteDance, the parent company of TikTok, has confirmed the dismissal of an intern for what it described as “malicious interference”

Beijing/Hong Kong — On a bustling street in China, a food delivery rider’s frustration boils over as he smashes his

In the last 24 hours, I’ve exchanged over a hundred messages via WhatsApp. Most were mundane—coordinating family plans, discussing work

For Prakash Sharma, a 67-year-old diamond hunter from the Panna district in India’s central state of Madhya Pradesh, diamond hunting

“I now realize I definitely chose the wrong industry,” reflects Xiao Chen*, an employee at a private equity firm in

In a significant antitrust ruling, a U.S. federal judge has mandated that Google must allow rival technology companies to offer

Megan Rathmell was sure she had blown her job interview earlier this year. The 20-year-old, who had felt unprepared and

New York – After days of disruption that sent ripples through the global supply chain, members of the International Longshoremen’s

New York — In a recent ruling that could set a controversial precedent, a married couple from New Jersey, who

New York – Verizon has officially confirmed that its cellular service has been fully restored after a major outage disrupted

An investigation by the BBC has revealed that signs of modern slavery were overlooked for years at a McDonald’s franchise

For workers who enjoy the benefits of remote work, recent developments from some of the world’s largest companies may seem

The U.S. National Transportation Safety Board (NTSB) has issued an urgent safety advisory for certain Boeing 737 models, including the

New York — In a significant escalation of the federal government’s ongoing antitrust crackdown, the U.S. Justice Department on Tuesday

New York — The Federal Reserve’s decision to reduce interest rates by half a percentage point on Wednesday marks a

Johnson & Johnson’s legal saga over its talc products took another dramatic turn on Friday as a subsidiary of the

New York — In a bold move aimed at reversing a series of strategic errors and slowing market performance, Nike

Japan’s aging demographic took center stage earlier this week as the nation marked “Respect for the Aged Day,” a day

Meta, the parent company of Facebook and Instagram, has announced a significant and unprecedented move by banning Russian state media

In a dramatic turn of events, Air Canada announced early Sunday morning that it had successfully reached a tentative agreement

In a strategic move aimed at rebalancing the competitive landscape, the United States has unveiled a set of proposed regulations

In a significant development, the defamation lawsuit brought against Newsmax by Smartmatic, a voting technology company, is set to proceed

Asia Award Media has become one of the most prestigious platforms in Asia, celebrating individuals, icons, and companies that have

In a landmark ruling, Apple has been ordered to pay Ireland €13 billion ($14 billion) in back taxes following a

New York — In an effort to address long-standing internal concerns and recapture its competitive edge, The Washington Post is

New York — When you swipe your credit card for everyday purchases like groceries or gasoline, you might be contributing

In a world dominated by the relentless push for more — more shopping, more products, more consumption — a quiet

In a significant development for the global convenience store industry, 7-Eleven’s parent company, Seven & I Holdings, rejected a substantial

Volvo, the renowned Swedish car manufacturer known for its focus on safety and sustainability, has announced a significant shift in

Hong Kong’s flagship airline, Cathay Pacific, has been forced to ground a significant portion of its fleet and cancel numerous

New York — Boeing, a company that has weathered a series of significant challenges over the past six years, is

Asia-Pacific markets largely experienced an upswing on Tuesday, buoyed by South Korea’s latest inflation data, which showed a significant easing

New York — In a significant development within the entertainment industry, The Walt Disney Company has pulled its ABC stations,

Lego, the renowned Danish toymaker, has announced a significant milestone in its pursuit of sustainability, revealing plans to transition from

The ruling Liberal Democratic Party (LDP) of Japan is poised to elect a new leader in September, a process that

Mark Zuckerberg, CEO of Meta, is seemingly aligning himself with Republican interests ahead of the 2024 presidential election, offering a

The recent revisions to the U.S. jobs report by the Labor Department have sparked significant political discourse, further intensifying the

The European Union has recently taken a decisive step that could significantly enhance Tesla’s competitive edge in the European market

JAKARTA – The Acting Head of the Nusantara Capital Authority (OIKN), Basuki Hadimuljono, has assured that investors in the Nusantara

New York — When Matthew Sherwood shops for clothes, he often needs assistance to ensure he picks the right color

New York — In a landmark move that underscores the transformative power of philanthropy, Bloomberg Philanthropies has announced a $1

In a notable shift in market dynamics, Apple Inc. has reclaimed its position as the most valuable public company in

Despite facing legal setbacks earlier this year, Tesla shareholders have decisively re-endorsed CEO Elon Musk’s contentious multi-billion dollar pay package.

The economic indicators are in, and the initial reactions have been enthusiastic: Inflation is easing, the stock market is performing

New York — Apple has faced criticism for not providing a compelling reason for users to upgrade their iPhones since

New York — Tesla’s polarizing CEO, Elon Musk, and his substantial wealth are the focal points of an upcoming shareholder

Washington, D.C. — A bipartisan coalition of senators has raised serious concerns over a major health care firm’s handling of

Indonesia stands out as one of the fastest-growing countries in terms of internet penetration, presenting immense opportunities for digital marketers

The refund of funds is one of the benefits offered to workers who save as participants of the Public Housing

As the summer approaches, many Americans are bracing for an increase in their utility bills, which could bring more than

The New York Stock Exchange (NYSE) announced on Monday that it has resolved a technical issue that temporarily halted trading

In a significant act of philanthropy, Sam Altman, CEO of OpenAI, and his husband, Oliver Mulherin, have recently joined the

On Tuesday, Porsche revealed the first hybrid version of its iconic 911 sports car, a groundbreaking move that could pave

In March, US home prices soared to a record high, underscoring the ongoing affordability crisis plaguing the housing market. The

Elon Musk recently made a bold assertion about the future of work, claiming that artificial intelligence (AI) will eventually take

Soaring auto insurance costs have been a major contributor to inflation over the past year, but relief could be on

On Wednesday, Will Lewis, the newly appointed publisher and chief executive of The Washington Post, addressed the gathered staff at

Former President Donald Trump’s resurgence onto the political stage brings with it a reinvigorated focus on his trade policies, signaling

In a move eagerly anticipated by investors, Beijing has unveiled its most ambitious plan yet to rescue its ailing property

In a significant development for labor relations at Disneyland Resort in Anaheim, California, the iconic characters of Mickey, Minnie, Donald,

In a significant development aimed at bolstering internet accessibility in Indonesia’s remote regions, tech mogul Elon Musk, alongside Indonesian Health

In the escalating trade tensions between the United States and China, Beijing has signaled its readiness to retaliate against the

LS Skincare Reborn, a beauty product line originating from Majalengka, West Java, has garnered the prestigious title of “Top Brand

The European Union has initiated a formal investigation into Meta, the parent company of Facebook and Instagram, amid concerns that

In an economic landscape where businesses from McDonald’s to Home Depot are struggling to attract financially stretched shoppers, Walmart stands

A recent survey conducted by the New York Federal Reserve unveiled a notable uptick in consumers’ expectations for inflation, both

In the intricate landscape of the US economy, a consensus is forming among business leaders, analysts, and economists: artificial intelligence

As the popularity of cryptocurrency investments continues to soar, mastering various analytical techniques becomes imperative for investors before diving into

The momentum behind the Presidential Staff Office’s (KSP) farmer regeneration program continues to build, with Chief of Presidential Staff General

Disney’s fiscal second-quarter earnings report unveiled a mixed bag of results, showcasing strength in streaming but facing headwinds in traditional

Amidst forecasts of a slowdown in the retail beauty sector, a burgeoning contender emerges, challenging conventional wisdom with a remarkable

Private equity firms are actively exploring the possibility of acquiring Peloton, the connected fitness giant, in a bid to assist

In a last-minute decision just two hours before liftoff, Boeing’s much-anticipated crewed space flight was postponed for a safety check,

China recently experienced a notable surge in tourism activity during the Labor Day holiday period, as reported by the Ministry

In the unfolding saga surrounding TikTok’s future, a myriad of stakeholders eagerly await the next chapter. President Joe Biden’s recent

In the digital arena where giants clash, the symbiotic relationship between Apple and Google emerges as a defining narrative. With

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