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BEIJING (AP) — China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan ($222 billion), roughly mirroring the rise of the last year.
BEIJING -- China's annual defense spending is set to grow by 7.2% this year, well above the country's economic growth target of "around 5%."
TOKYO (Kyodo) -- Japan's House of Representatives on Saturday approved a 112.57 trillion yen ($750 billion) draft budget for the next fiscal year starting in April to boost the nation's defense capabilities, help households cope with inflation and assist recovery efforts in areas hit by an earthquake on New Year's Day.
JAKARTA -- Indonesia risks blowing its budget if the country's expected new leader makes good on a pledge to hand out free school lunches to nearly 80 million children in a program that could cost about $29 billion a year, analysts warn.
CHENGDU, China (AP) — For a few days in October 2023, the capital of the science fiction world was Chengdu, China. Fans traveled from around the world as Worldcon, sci-fi ’s biggest annual event, was held in the country for the first time.
This is CNBC's live blog covering Asia-Pacific markets.
LONDON — The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures released on Wednesday.
SINGAPORE -- Singapore is set to raise corporate taxes on multinationals from the start of next year while it will beef up efforts to become an artificial intelligence hub, Finance Minister Lawrence Wong said Friday, as he announced the city-state's 2024 budget.