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.
Development asian news
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.
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.
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.
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.
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.
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.
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.