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Economy

Why U.S. retailers struggle in Canada

Big-box retailers are leaving Canada because they can't replicate their U.S. success. Nordstrom closed its Canadian business last month due…

March 15, 2023

Former Mastercard CEO Ajay Banga is chosen by Biden to lead the World Bank

US President Joe Biden chose former Mastercard CEO Ajay Banga to run the World Bank, with the expectation that the…

February 24, 2023

Economics Minister Rafizi Ramli says Malaysia welcomes energy commerce and investment

Economics Minister Rafizi Ramli stated that Malaysia actively invites foreign investment and trade in the energy business in order to…

February 22, 2023

Hong Kong is under pressure to reduce budget spending as the deficit rises

Hong Kong is under pressure to reign down spending as it announces its annual budget on Wednesday, February 22. This…

February 21, 2023

UAE: An economic model and a diplomatic player of choice

With a substantial per capita Gross National Product, the United Arab Emirates are among the world's wealthiest nations. They tie…

February 20, 2023

Singapore remains the most liveable location in the world

Singapore is the most livable place in the world for expatriates from East Asia, according to the latest Location Ratings…

February 20, 2023

Thailand’s economy is slowing as exports and manufacturing decline

Thailand's economic development slowed faster than anticipated in the fourth quarter of 2022 due to a decrease in exports and…

February 17, 2023

Singapore’s non-oil domestic exports are the lowest in a decade

In January, Singapore's non-oil domestic exports fell 25% year-over-year, the greatest annual decline in a decade. The reduction was driven…

February 17, 2023

Grab: 100,000 cars won’t oversupply ‘broken’ public transit

Grab argued that the addition of 100,000 transport network vehicle services (TNVS) providers would not result in an overstock, considering…

February 13, 2023

Malaysia’s GDP is growing at its fastest rate in 22 years

Malaysia's central bank said on Friday that the economy would not enter a recession this year and will have stronger-than-anticipated…

February 11, 2023
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