A woman at the departure gate at Hong Kong International Airport. Christian Keenan | Getty Images SINGAPORE – Leisure travel between Hong Kong and Singapore could resume next week as both cities work to establish a bilateral “travel bubble” that will allow passengers to leave the quarantine. Asia’s two largest …
Read More »Impact on the economy already affected by the Covid-19 epidemic
SINGAPORE – Recent protests in Thailand will be a “double whammy” for development in the country, which has already been hit by the Kovid-11 epidemic, analysts say. Moreover, Chullongkorn University professor Thitinan Pongs Nasudhirk told CNBC on Friday that protesters would not leave until they saw “new” Thailand. On Thursday, …
Read More »Billionaire Ray Dalio explained how to invest in China
SINGAPORE: Many investors have cut ties with China in 2020. But a billionaire hedge fund manager has a strategy that starts with “balance”. “The way to play the Chinese market is to build a diversified portfolio first,” Ray Dalio told CNBC’s “Street Signs Asia” on Wednesday. That, he said, means …
Read More »New Zealand’s finance minister expects a strong economic downturn
SINGAPORE – New Zealand is forecasting strong returns to its economy in the three months ending in September, Finance Minister Grant Robertson said on Friday. The country plunged into a deep recession for two consecutive quarters of negative growth, with GDP falling by 13.4 per cent in the quarter between …
Read More »Most Asian economies are in the throes of a recession
On the early morning of July 29, 2020, a person eats a fasting meal on a chair placed outside a rest outside Runt in Hong Kong’s Kowloon-side Sham Shui Po district, as new social distance measures have been implemented, allowing only rest restaurants rent. To combat a new wave of …
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