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Asia Pacific

Malaysia: China beckons English icon

Malaysia: China beckons English icon

The passion among China’s wealthy for flashy sports cars is encouraging Malaysia’s auto manufacturer, Proton Holdings Berhad, to manufacture the iconic English-designed Lotus marque in China.

China: New Zealand woos wealthy

New Zealand is rushing into the vacuum created by Canada’s abandonment of its immigrant investor program, which became overloaded by wealthy Chinese applicants.

South Korea: Real estate incentives increased

South Korea is considering giving permanent resident status to foreigners who buy empty apartments or houses worth more than the equivalent of $500,000. There are about 61,000 unsold homes in South Korea.

Malaysia: Treasure hunt gets go-ahead

The government of Malaysia's Malacca state has issued two permits for treasure hunters to search for a trove of gold bars and royal regalia.
Japan: Wanted: Asian tourists

Japan: Wanted: Asian tourists

Japan hopes to boost its attraction as a destination for Asian tourists by allowing visa-free entry for people from the Philippines, Indonesia and Vietnam.

Indonesia: Prosperity drives investment

The pattern of foreign investment in Indonesia is changing markedly to cater to its young and increasingly wealthy population.

Bangladesh: Green power green light

The Bangladesh government is prepared to subsidize the installation of renewable energy sources in order to lessen the country’s dependency on expensive, imported fossil fuels.
Asian countries need to address income inequality: Asia Development Bank

Asian countries need to address income inequality: Asia Development Bank

Asia's economy is expected to continue to grow steadily throughout 2014 and 2015, but according to the Asia Development Bank (ADB), more attention needs to be paid to the region's widening gap between rich and poor.

Indonesia: Vote makes coalitions likely

The results of Indonesia’s parliamentary elections earlier this month produced much less support than expected for the Indonesian Democratic Party of Struggle (PDI-P), led by the mayor of Jakarta, Joko Widodo, who will be the party’s pres
China: Beijing won’t print money: Li

China: Beijing won’t print money: Li

China’s premier, Li Keqiang, says the Beijing government will not order the printing of money in an attempt to counter a growing slowdown of the country’s economy.