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Asia Pacific

South Korea: Telecom’s rivals cry foul

Since the Seoul government banned South Korean telecom network companies from offering subsidies to attract customers last October, other inducements have had to be found.

China: Tax rises, prices fall

China last week raised the tax on gasoline, naphtha, solvent oil and lubricating oil for the third time since the end of November.
Migrant worker issue is a stumbling block in regional trade deal

Migrant worker issue is a stumbling block in regional trade deal

The demand for labour among the countries of Southeast Asia is set to explode over the next decade as the region this year creates an economic community modelled on the European Union.
Li Ka-shing restructures empire, shifts HQ from Hong Kong to Cayman Islands

Li Ka-shing restructures empire, shifts HQ from Hong Kong to Cayman Islands

Hong Kong's wealthiest man remains best known in Vancouver for buying the former Expo '86 site

South Korea: Ikea triggers gridlock

City officials of Gwangmyeong, the “featureless satellite town” of the South Korean capital, Seoul, are paying a price for their zealous courting of the Swedish flat-box furniture giant Ikea.

Southeast Asia: Banks prepare for boom

The impending creation of the Association of Southeast Asian Nations Economic Community (AEC) is leading to a stampede by banks to set up in the region.

Vietnam: New air terminal opens

Vietnam has finally opened a new international airport terminal and transportation links into the capital, Hanoi. The new international Terminal 2 is to cater to rapidly rising traffic in passengers and cargo. In 2012 the airport served 11.

India: Modi pushes mining reform

The Indian government of Prime Minister Narendra Modi is reported to have passed an order to try to boost the country’s mining sector.
India leads Asia in economic optimism

India leads Asia in economic optimism

Every year brings unforeseeable events that set economic graphs bucking and weaving. But most countries in Asia are entering 2015 with the winds set fair until, inevitably, “unknown unknowns” churn the waters.

Indonesia: Amnesty sought for tax cheats

The Indonesian Employers Association can be accused of many things, but not of lacking in chutzpah.