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Development asian news

How China's property bubble burst - cnbc.com - China - city Beijing

How China's property bubble burst

Desperate property developers in China have resorted to gifts like new cars, free parking spaces, phones and other consumer goods to attract homebuyers and boost flagging sales.

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Nikkei staff writer - TSUBASA SURUGA - ASEAN startups pay more for sales jobs to chase cash, study finds - asia.nikkei.com - Singapore - city Singapore

ASEAN startups pay more for sales jobs to chase cash, study finds

SINGAPORE -- Southeast Asian startups' salaries for new hires in business development and sales have risen by as much as 20%, according to an annual report published Thursday, reflecting young companies' urgent need to generate cash amid a tougher funding environment. 

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Nikkei staff writer - Chinese sales of bad-loan securities jump 46% in 2023 - asia.nikkei.com - Japan - city Tokyo - China

Chinese sales of bad-loan securities jump 46% in 2023

TOKYO -- The sales in China of bond-like securities backed by nonperforming debt held by banks surged by 46% last year, according to data released by the Japanese government Wednesday.

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Nikkei senior staff writer - Asian lender ADB to raise share of climate loans to 55% by 2030 - asia.nikkei.com - city Tokyo

Asian lender ADB to raise share of climate loans to 55% by 2030

TOKYO -- The Asian Development Bank intends to allocate 55% of its financing toward addressing climate change by the end of the decade, up from less than 40% now, Nikkei has learned.

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Ryan Browne - Give us your nominations: CNBC is listing the world’s top fintech companies - cnbc.com - China

Give us your nominations: CNBC is listing the world’s top fintech companies

For a second year, CNBC and independent research firm Statista are working together to identify the world's top fintech companies, to be named in a published CNBC report this July.

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Anwar Ibrahim - Maria Siow - Malaysia keeps eye on ‘status quo’, Beijing trade ties with quiet approach in South China Sea - scmp.com - China - city Beijing - Malaysia

Malaysia keeps eye on ‘status quo’, Beijing trade ties with quiet approach in South China Sea

Malaysia’s low-key response to Chinese coastguard patrols of its exclusive economic zone (EEZ) signals an interest in maintaining economic ties with Beijing and a desire not to “politicise or unilaterally alter the status quo in the region”, analysts have said.

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Shreyashi Sanyal - China's Country Garden gets liquidation petition from creditor - cnbc.com - China - Hong Kong - city Hong Kong

China's Country Garden gets liquidation petition from creditor

China's Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country's beleaguered property sector.

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Lee Ying Shan - Hong Kong property stocks jump after city scraps cooling measures - cnbc.com - Hong Kong - city Hong Kong

Hong Kong property stocks jump after city scraps cooling measures

Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic sentiment.

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