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Thailand’s decision to press ahead with a land bridge project this week despite political and environmental concerns underscores an urgency by the Southeast Asian nation to propel economic growth and shore up the government’s popularity, according to observers.
A recent slump in sales means Sydney liquor store owner Louise Dowling has to work an additional 40 hours a week to make up for the staff she had to let go, as a prolonged cost of living crisis in Australia drives more people to drink less.
Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 per barrel. When around 75% of your fiscal revenue comes from oil, that's a big deal.
Paetongtarn is leader of the Pheu Thai party, which took power after last year’s general election. It formed a government after members of the conservative Senate refused to endorse the prime minister nominated by the progressive Move Forward party, which won the most seats in the poll.
People in Singapore are jumping on the opportunity, according to luxury travel agent Lauren Raps. The co-founder of Alchemist Travel says her clients are getting out of town more frequently – and are quick to make deposits on bookings.
The Australian government announced plans earlier this year to acquire 11 new frigates to replace its ageing Anzac-class vessels. The navy’s requirements specify that the ships must weigh between 3,000 and 5,000 tonnes, feature at least 16 vertical-launch cells for missiles, and include an enclosed hangar for one helicopter.
Hong Kong flag carrier Cathay Pacific on Wednesday confirmed it expects to return its Airbus A350 planes to service by the weekend, after an in-flight engine issue triggered a fleet-wide inspection of the aircraft and dozens of flight cancelations.
For years, mortgages in Japan have been nearly cost free. Homeowners are now bracing for that to change.