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A person holding Indian rupees of different denominations. The wealth of Indian billionaires surged to US$905 billion in 2024, a UBS report shows. Photo: Shutterstock

Economics

Surging wealth of India’s billionaires raises concerns about rising inequality

The wealth of billionaires in India has risen to US$905 billion, according to a report by UBS, outpacing the country’s economic growth.

13 Dec 2024 - 8:00AMvideocam

India adds Russian-built ship to navy amid rising Indo-Pacific security concerns

12 Dec 2024 - 8:00PMvideocam

Anwar urges ‘extraordinary speed’ in AI adoption to drive digital economy

12 Dec 2024 - 4:03PMvideocam

Politics

Singapore Airlines joins fight to combat severe turbulence amid climate concerns

The initiative, which includes more than 25 airlines, uses anonymised data to help pilots avoid turbulence and navigate smoother flight paths.

11 Dec 2024 - 9:30PMvideocam

Singapore Airlines planes sit on the tarmac at Changi Airport in Singapore. Photo: Reuters

Economics

Air India’s order of 100 Airbus planes set to boost alliance with SIA: analysts

The order comes as India is expected to become among the world’s fastest-growing aviation markets, according to a top IATA official.

11 Dec 2024 - 12:00AM

Economics

Artificial intelligence

Most Asia-Pacific firms unprepared for AI governance amid uncertainty: report

Deloitte report shows stark disconnect between perceived and actual preparedness, says firms need to refine approach for more meaningful impact.

9 Dec 2024 - 7:00PMvideocam

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Economics

Japan’s ‘concerned’ exporters brace for tariff pain under Trump 2.0

Japan should work to show Trump it is a partner instead of a competitor, and develop ‘more robust’ ties with other economies, analysts say.

9 Dec 2024 - 8:00AM

Cars for export are loaded onto a cargo ship at a port in Yokohama. Japanese exporters are working on tactics to limit the impact of Donald Trump’s “America first” policy. Photo: AP

Lifestyle & Culture

‘I trust it more’: Chinese app Xiaohongshu offers unexpected window on Malaysia

With over 2.5 million users in Malaysia, Xiaohongshu not only attracts tourists but helps Malaysian Chinese connect with their heritage.

8 Dec 2024 - 8:22AM

Economics

Trillion-dollar ambition: Saudi Arabia accelerates metal mining plans

The kingdom has signed a slew of deals with Chinese, Indian and Australian companies amid growing interest in its massive mineral reserves.

7 Dec 2024 - 5:00PM

Economics

Trump’s threat over Hamas captives stokes fears of higher oil prices for Asia

The US under Trump could take a tougher stance on Iran, which could disrupt oil supplies and push prices up amid hazy outlook, analysts warn.

7 Dec 2024 - 4:31PM

An oil tanker train passes near a refinery in Guwahati. India is among the world’s top oil importers. Photo: AFP

Economics

Singapore’s Carousell lays off 76 workers, cites ‘slowdown’ in consumer demand

The job cuts by Carousell reflect a wider trend in the tech sector due to overexpansion and economic headwinds, an analyst says.

6 Dec 2024 - 7:31PM

A video showing the Carousell platform on a mobile phone. Photo: Carousell/YouTube

Politics

Russian diplomats dodge Tokyo parking fines, citing foreign-policy loophole

The unresolved fees ignited online outrage, leading to calls for stricter measures against the Russian embassy.

6 Dec 2024 - 12:00PM

Economics

Japan’s Nippon Steel races to complete US Steel takeover before Trump 2.0

Analysts say Nippon Steel remains confident as it pushes for the deal to go through, despite Trump’s vow to block it.

6 Dec 2024 - 8:00AM

Politics

Will Malaysia’s Mahathir face criminal probe over island lost to Singapore?

A commission claims Mahathir misled the government about a disputed island awarded to Singapore, risking up to seven years in prison if convicted.

5 Dec 2024 - 6:20PM

Malaysia’s former prime minister Mahathir Mohamad speaks during the Nikkei Forum “Future of Asia” in Tokyo on May 24. Photo: AFP

Politics

Will Trump’s tariff threat push Southeast Asian nations away from China-led Brics?

Analysts warn nations to consider the risks of joining Brics, which could bring economic gains but may alienate the US and lead to trade barriers.

4 Dec 2024 - 7:44PM

US President-elect Donald Trump’s threat to impose tariffs on Brics nations if they create a rival currency to the US dollar has raised concerns for Southeast Asian countries. Photo: TNS

Economics

Malaysia tech firms set to ‘act aggressively’ over Trump’s tariff hikes

Local firms in Malaysia’s crucial tech sector are looking at options ranging from expansion to the US to securing new clients.

3 Dec 2024 - 4:00PM

Economics

Indonesia’s nuclear energy push pits growth against safety concerns

President Prabowo Subianto plans to build two new nuclear plants as part of Indonesia’s goal to derive more energy from clean sources.

1 Dec 2024 - 4:00PM

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Lifestyle & Culture

Why more Indonesian couples are saying no to children

With rising costs and changing priorities, more Indonesians are choosing to live childfree – raising some demographic concerns.

30 Nov 2024 - 5:00PM

Children look at their mobile phones along a roadside in Jakarta on Wednesday. Photo: AFP

Politics

The Philippines

‘What’s in it for me’: will Trump 2.0 squeeze the Philippines for US support?

The US president-elect’s interest in containing China militarily and supporting the Philippines’ defence remains an open question.

30 Nov 2024 - 8:00AMvideocam

Politics

Sri Lanka’s new government faces backlash over IMF debt repayment plan

President Dissanayake has chosen to continue with the current IMF programme, raising concerns about its impact on economic growth and relief for the population.

30 Nov 2024 - 7:53AMvideocam

Economics

Singapore households spending more, but incomes rising faster: official survey

While this suggests a positive economic outlook, economists warn that rising costs of living for housing, food and healthcare remain a concern.

29 Nov 2024 - 10:30PM

Singapore’s Merlion statue. Photo: Getty Images

Open Questions series

Why eco-warrior Ma Jun sees hope for China’s role in Cop29 amid US uncertainty

22 Nov 2024 - 12:38PMvideocam

Illustration: Lau Ka-kuen

Historian on why we aren’t heading towards WWIII yet and how wars have changed

8 Nov 2024 - 12:01AMvideocam

Illustration: Lau Ka-kuen

China’s evolving role in Middle East conflicts, according to an academic

29 Aug 2024 - 10:09AMvideocam

Illustration: Victor Sanjinez

This economist says China’s property oversupply is far from over. Here’s why

6 Aug 2024 - 9:19AMvideocam

Illustration: Victor Sanjinez Garcia

Ex-World Bank economist on why ‘China will not be misled’, dodging Japan’s fate

5 Aug 2024 - 8:16PMvideocam

Illustration: Victor Sanjinez Garcia

Arthur Kroeber: why China decoupling is unlikely, and talk of reform incomplete

12 Jul 2024 - 1:46PMvideocam

Illustration: Henry Wong

Why eco-warrior Ma Jun sees hope for China’s role in Cop29 amid US uncertainty

22 Nov 2024 - 12:38PMvideocam

Illustration: Lau Ka-kuen

Historian on why we aren’t heading towards WWIII yet and how wars have changed

8 Nov 2024 - 12:01AMvideocam

Illustration: Lau Ka-kuen

China’s evolving role in Middle East conflicts, according to an academic

29 Aug 2024 - 10:09AMvideocam

Illustration: Victor Sanjinez

This economist says China’s property oversupply is far from over. Here’s why

6 Aug 2024 - 9:19AMvideocam

Illustration: Victor Sanjinez Garcia

Ex-World Bank economist on why ‘China will not be misled’, dodging Japan’s fate

5 Aug 2024 - 8:16PMvideocam

Illustration: Victor Sanjinez Garcia

Arthur Kroeber: why China decoupling is unlikely, and talk of reform incomplete

12 Jul 2024 - 1:46PMvideocam

Illustration: Henry Wong

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