Singapore’s economy continued its slow recovery from the worst slump in the country’s history, with mainstays such as trade and tourism hammered by the coronavirus pandemic. Gross domestic product last quarter grew 2.1% on a seasonally adjusted basis compared to the previous three months, according to advance estimates from the Ministry of Trade and Industry […]
In the world’s least affordable housing market, one in eight homes sold is a nano apartment, a term widely used to describe tiny homes in Hong Kong. A record 13% of apartments sold in 2019 were less than 260 square feet (24 square meters), or smaller than two car-parking spaces, according to a report by Liber Research […]
Chinese pharmaceutical company Sinopharm said on Wednesday that its COVID-19 vaccine candidate is 79.34% effective at preventing people from contracting the coronavirus. The state-controlled firm said it has applied to regulators in China to allow widespread use of the vaccine. Sinopharm’s Wednesday results are lower than the 86% effectiveness that the United Arab Emirates reported […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Many of the Asian countries with the most admirable COVID-19 responses share borders with and receive frequent travelers from China, the original epicenter of the coronavirus pandemic. A combination of early travel restrictions, mass testing, […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. U.S. President Donald Trump last week signed into law the Holding Foreign Companies Accountable Act, allowing the U.S. to remove foreign firms from U.S. stock exchanges if they don’t comply with auditing requirements. The legislation […]
2020 was a rough season, but {} finish on an optimistic note. In the past couple of weeks, vaccine manufacturers like Pfizer and Moderna have started rolling out pathogens to individuals from the U.S. and U.K., together with strategies to improve distribution internationally in 2021. Meanwhile, the Chinese medicine manufacturers have {} distributing countless {} […]
In annually battered with pandemic-induced economic slowdowns, the worldwide IPO market will finish 2020 using a bangup more than 23 percent in value, in contrast to 2019, based to bookkeeping company KPMG. Five of those 10 largest IPOs of all 2020 (and a few of the best five) happened on exchanges in Hong Kong, Shanghai, […]
Few Western political leaders have disregarded China’s potential for technological invention as publicly as well as as President-elect Joe Biden. In the close of the afternoon it didn’Regardless of, he claimed, since China’s governmental political strategy stymied the growth of breakthrough products. “I challenge one ,” Biden dared cadets, to “name me a revolutionary endeavor, […]
Semiconductor Manufacturing International Corp. dropped almost 10 percent Wednesday after revealing it is looking into reports regarding the shock resignation of a top executive. China’s biggest chipmaker said it is hoping to attain co-Chief Executive Officer Liang Mong Song later online press outlets circulated a resignation letter that they stated originated with the business veteran. […]
Singapore announced on Tuesday it will start a segregated traveling lane therefore “company, official, also large financial worth travelers” could stop by the city- country quarantine-free by remaining at a specified “bubble” center close to the airport. The centre, Connect@Changi, will contain guest rooms and seminar rooms where guests can meet {} individuals remaining bubble. […]