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Asia Pacific

South Korea: Nut rage cracks conglomerates

South Korea: Nut rage cracks conglomerates

The fallout from South Korea’s “nut rage” drama is gathering into an all-out campaign against what are being portrayed as the self-obsessed offspring of the heads of the “chaebol” corporate conglomerates.
China: Business travel soars

China: Business travel soars

China’s economy may be on a downward slide, but that has not as yet put a damper on business travel.
Cambodia: Sectors face skills deficit

Cambodia: Sectors face skills deficit

The lure of careers as entrepreneurs has taken a firm grip on the imagination of Cambodian young people, but far too much so according to the Ministry of Education, Youth and Sport.
Malaysia’s teetering state investment fund plagued by scandal

Malaysia’s teetering state investment fund plagued by scandal

By meeting a repayment deadline for the first time in months, Malaysia’s troubled sovereign wealth fund, 1Malaysia Development Berhad, seems to have staved off a debt crisis that threatened the country’s entire banking system.
Patriotic beer fridges and turning wooden sheep into gold

Patriotic beer fridges and turning wooden sheep into gold

Editor-in-chief Fiona Anderson on the news that caught her eye this week

South Korea and Japan: Currency swap deal expires

Officials in South Korea and Japan are playing down speculation that the ending of a bilateral $10 billion currency swap agreement has more to do with political tensions between Seoul and Tokyo than with economics.

Sri Lanka: Nuclear deal reached

Sri Lanka’s new president, Maithripala Sirisena, has emphasized his move away from the dominant relationship with China under the previous administration by signing a nuclear agreement with India.

Thailand: Coup hasn’t helped economy

Last year’s military coup in Thailand, designed to end political and social upheaval dating back to 2006, has so far failed to stimulate the economy. Last year clocked up its slowest growth since 2011. Overall growth was only 0.

Vietnam: Remittances roll in

Several years of encouragement by the Hanoi government for Vietnamese to work abroad are paying off as the country enters the top 10 recipients of remittances.

China: Agency downgrades France

In a sign of things to come, China’s Dagong Global Credit Rating Co. Ltd. agency has downgraded France’s sovereign credit rating to A from A+.