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BUSINESS

Apple Makes Plans to Move Production Out of China

Business, Yang Jie & Aaron Tilley, Published on 05/12/2022

» In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world's most valuable company, say people involved in the discussions.

BUSINESS

Why China's Banks Won't Come to Russia's Rescue

Business, Jing Yang & Rebecca Feng, Published on 07/03/2022

» On paper, China's banks and its homegrown payments system could offer Russia respite from crippling Western sanctions. China has helped other nations evade sanctions, and both China and Russia share an interest in weakening the dollar's hold on the international financial system.

BUSINESS

Tesla Latest Entrant Into Carpool Karaoke Competition

Business, Yang Jie, Published on 31/01/2022

» Chinese consumers have given an ovation to Tesla Inc., a new seller of karaoke microphones for singing in cars.

BUSINESS

Asean-India relationship deepens

Asia focus, Ong Bo Yang, Published on 20/12/2021

» Next year marks the 30th anniversary of bilateral relations between Asean and India, and has been declared "Asean-India Friendship Year".

BUSINESS

Alibaba Faces New Threat as Shopping Habits Change

Business, Stephanie Yang, Published on 19/10/2021

» Alibaba Group Holding Ltd., challenged by Beijing's yearlong clampdown on private enterprise, is facing another problem: growing competition.

BUSINESS

Asean's crucial digital mission

Asia focus, Ong Bo Yang, Published on 04/10/2021

» Speeding up digitisation and bridging the digital divide in the region is a mission of paramount importance, in the view of lawmakers who took part in the 42nd General Assembly of the Asean Inter-Parliamentary Assembly was held in August this year.

BUSINESS

China's Corporate Crackdown Is Just Getting Started. Signs Point to More Tumult Ahead.

Business, JING YANG, Published on 16/08/2021

» In recent months, China has blown up what would have been the world's largest initial public offering, launched probes into some of its biggest technology companies, and wiped out more than $1 trillion in market value while investors scramble for cover.

BUSINESS

'Old normal' is good for Asean-US relations

Asia focus, Ong Bo Yang, Published on 16/08/2021

» During an Asean-US foreign ministers' meeting last month, US Secretary of State Antony Blinken reaffirmed Asean's importance as a strategic partner. The United States, he said, remains committed to fighting the coronavirus pandemic, achieving economic growth, and addressing the climate emergency together with its regional friends.

BUSINESS

China's Digital Yuan Puts Ant, Tencent in an Awkward Spot

Business, Jing Yang &, Published on 27/07/2021

» China is calling on private-sector pioneers Ant Group Co. and Tencent Holdings Ltd. to help it develop a state-backed digital currency that threatens the pair's highly popular payment networks.

BUSINESS

New supply chain challenges

Asia focus, Ong Bo Yang, Published on 26/07/2021

» The Suez Canal blockage in March showed us how vulnerable world trade is to disruptions in global supply chains. It came at a time when businesses were still coming to grips with the chaos caused by months of Covid-related lockdowns and border control measures.