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Economy asian news

Reuters - Cost-conscious Chinese tourists skip Australia for visa-free countries in Southeast Asia - scmp.com - China - Thailand - Singapore - Australia -  Singapore

Cost-conscious Chinese tourists skip Australia for visa-free countries in Southeast Asia

“Given China’s economic outlook is not so certain and Chinese tourists are rather price conscious, this means they would prefer somewhere that is easier to get to and the travelling experience … is not too bad either,” said Nee, whose company also provides group tours for Chinese.

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Julian Ryall - Most Japanese don’t support any political party amid ‘deep disappointment, disgust’ with corruption scandals - scmp.com - Japan

Most Japanese don’t support any political party amid ‘deep disappointment, disgust’ with corruption scandals

Most Japanese citizens do not support any particular political party, according to a new opinion poll, with analysts suggesting the results underline not only public “disgust” at the corruption scandals that continue to rock the nation but also a sense that they are powerless to bring about change.

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CHIHIRO ISHIKAWA - Japan exports up for 2nd month on China-bound shipment growth - asia.nikkei.com - Japan -  Tokyo - China

Japan exports up for 2nd month on China-bound shipment growth

TOKYO -- Japan's exports rose for the second straight month in January, pushed up by growth in China-bound shipments. The figures followed the recent release of preliminary gross domestic product data that showed the economy fell into a technical recession in the final quarter of 2023.

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Taylor Swift - Swift - Singapore eyes ‘significant’ economic benefits as it lures Taylor Swift with grant for sold-out concerts - scmp.com - Usa - Singapore -  Singapore

Singapore eyes ‘significant’ economic benefits as it lures Taylor Swift with grant for sold-out concerts

“It is likely to generate significant benefits to the Singapore economy, especially to tourism activities such as hospitality, retail, travel and dining, as has happened in other cities in which Taylor Swift has performed,” they said.

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Joseph Sipalan - Agencies - Malaysia’s central bank sees ‘positive’ economy in 2024 despite ringgit’s drop to 26-year low - scmp.com - China - Usa - Malaysia

Malaysia’s central bank sees ‘positive’ economy in 2024 despite ringgit’s drop to 26-year low

Malaysia’s central bank has defended the trajectory of the country’s economic growth, after the ringgit sunk to its lowest since the 1997 Asian financial crisis, blaming a strengthening US dollar and uncertainty in China’s economy rather than domestic indicators for the slump.

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Karen Gilchrist - Bank of England rate cuts likely later but larger, Goldman Sachs says - cnbc.com - Britain

Bank of England rate cuts likely later but larger, Goldman Sachs says

The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected in the second half of the year, new forecasts from Goldman Sachs show.

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Nikkei staff writer - IORI KAWATE - China rate cut shows lack of options for boosting economy - asia.nikkei.com - China -  Beijing -  Shanghai

China rate cut shows lack of options for boosting economy

BEIJING -- China's move to slash borrowing rates for homebuyers underscores how authorities are trying to prop up a weak housing market with few tools at their disposal.

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NANA SHIBATA and ISMI DAMAYANTI - Ev - Indonesia EV competition heats up with VinFast and BYD debuts - asia.nikkei.com - China - Indonesia -  Jakarta - Vietnam

Indonesia EV competition heats up with VinFast and BYD debuts

JAKARTA -- Competition in Indonesia's electric vehicle market is intensifying as Vietnamese automotive manufacturer VinFast and China's BYD enter Southeast Asia's largest economy with passenger car debuts.

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