Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. Bloomberg | Bloomberg | Getty Images The International Monetary Fund has raised its growth forecast for India, stating that the country’s growth will remain strong in 2023 and 2024. However, analysts warn that there will be …
From overtourism to a complete absence of tourism, many cities have now shifted their concerns from too few tourists to too many. This predicament can be attributed to various factors including the rise of budget airlines, short-term home rentals, and cruise ships. However, the influence of social media, online influencers, movies, and television shows cannot …
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is actively seeking sellers impacted by Indonesia’s recent e-commerce regulation, said James Chang, the company’s Indonesia CEO, in a town hall …
Pictured here are self-driving robots in a China Duty Free Group’s warehouse in Haikou, Hainan, on March 20, 2023. Vcg | Visual China Group | Getty Images BEIJING — Asia’s competitive advantage was once cheap labor. Now, whether it’s China, India, or Japan, the region’s edge lies in industrial services, according to KKR’s heads of …
Oil prices surged to their highest level in more than a year on Thursday. The U.S. West Texas Intermediate futures reached $95.03 per barrel, marking the highest cost since August 2022. Manan Vatsyayana | Afp | Getty Images India’s minister of petroleum and natural gas warned that there’ll be “organized chaos” if oil prices break …
Vehicles travel along a highway past commercial and residential buildings in Tokyo, Japan, on Wednesday, Feb. 8, 2023. Bloomberg | Bloomberg | Getty Images Foreign investments into Japan’s real estate sector have been thriving in the past year, fueled by a weakened Japanese yen due to the country’s ultra-loose monetary policy sustained by the central …
Brad Garlinghouse, CEO of Ripple Labs Inc., delivered a speech at the Token2049 conference in Singapore on September 13, 2023. Joseph Nair | Bloomberg | Getty Images Cryptocurrency company Ripple has announced that it has successfully obtained a major payments institution license in Singapore, marking a significant move towards expanding its presence in the Asia-Pacific …
A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Indonesia recently announced that it will discontinue e-commerce transactions on its platform by Thursday to comply with new local regulations. The move comes after the Indonesian ministry of trade set a one-week deadline for TikTok to become …
An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. Bloomberg | Bloomberg | Getty Images Stock Chart Icon Stock chart icon Evergrande shares jump after trading resumes Just last week, the Chinese property firm announced that its director and executive chairman is under scrutiny over …
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Hong Kong’s Hang Seng Index experienced a significant decline of over 3% on Tuesday, primarily due to the decline in the real estate and energy sectors. According to Everbright Securities’ Kenny Ng, the index …