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Asia Pacific

Indonesia: Buy local, trade minister urges

Indonesia: Buy local, trade minister urges

Government wants investment and production to play bigger role in economy
Sri Lanka: Airline partner sought

Sri Lanka: Airline partner sought

Carrier's debt, he said, is a “landmine” that could wreck country's economy, prime minister says
China set for massive crackdown on illegal fundraising after spate of financial crimes

China set for massive crackdown on illegal fundraising after spate of financial crimes

Inter-agency action to see overhaul of sector, monitoring system to be set up to intercept illicit activities, among other measures
Taiwan election pulls island back from China

Taiwan election pulls island back from China

For very many Taiwanese, the central issue of the January presidential and parliamentary elections was breaking out of the economic shackles tying them to China that had been imposed on the island nation by the previous government.

Australia: Money laundering rampant

An Australian police report says the country’s real estate market is providing a golden opportunity to launder drug money and other profits of crime.

New Zealand: Market at risk: interest group

The head of the industry organization Property Institute of New Zealand in that country’s largest city, Auckland, says there’s a risk of market collapse if government has a “knee-jerk” reaction to unaffordable housing prices.

Indonesia: Reform green rules: governor

Environmental impact assessment rules are hindering development, says the governor of Jakarta, Indonesia, Basuki Tjahaja Purnama.

China: Residency regulations to ease

For rural Chinese who in the last 35 years or so have decided to leave their villages and seek their fortunes in the cities, a scary part of the adventure is leaving their hukou behind.

Russia: Far East set for development

Russia is stepping up plans to develop its vast far eastern region, including controversial plans for a US$10 billion agricultural joint venture with China and expanded fishing around the Kuril Islands, which are claimed by Japan.
Southeast Asia set to flex economic muscle in 2016

Southeast Asia set to flex economic muscle in 2016

The most upwardly mobile ASEAN countries can look forward to growth rates in the 6.5% to 8% range