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Economy asian news

Reuters - U.S. law firm Dechert considering shuttering offices in Hong Kong, Beijing, Reuters reports citing sources - cnbc.com - China - Hong Kong - Singapore - city Beijing - city Singapore - city Hong Kong

U.S. law firm Dechert considering shuttering offices in Hong Kong, Beijing, Reuters reports citing sources

U.S.-founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions.

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Clare Oneil - Australia doubles foreign student visa fee in migration crackdown - cnbc.com - Canada - Britain - Australia

Australia doubles foreign student visa fee in migration crackdown

Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market.

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Reuters - Clare Oneil - Australia doubles international student visa fee in migration crackdown - scmp.com - Canada - Usa - Britain - Australia

Australia doubles international student visa fee in migration crackdown

Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market.

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Indonesia to levy 100-200% duties on clothing, ceramics, minister says - asia.nikkei.com - China - Indonesia - Bangladesh - Vietnam - city Jakarta

Indonesia to levy 100-200% duties on clothing, ceramics, minister says

JAKARTA (Reuters) -- Indonesia will impose safeguard duties of 100% to 200% on imports ranging from footwear to ceramics, reviving a plan to protect domestic industries, the trade minister said.

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LIEN HOANG - Nikkei staff writer - Vietnam GDP grew 6.93% in Q2 with risks to recovery 'high' - asia.nikkei.com - Vietnam - city Ho Chi Minh City

Vietnam GDP grew 6.93% in Q2 with risks to recovery 'high'

HO CHI MINH CITY -- Vietnam's economy expanded 6.93% in the second quarter from a year earlier, surpassing the 5.66% in the January-March quarter, as it strives to bounce back from the pandemic, official data showed Saturday.

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Bloomberg - Some of India’s new infrastructure projects are crumbling, laying bare Modi’s ‘electoral gimmick’ - scmp.com - China - Usa - India - city New Delhi - city Delhi

Some of India’s new infrastructure projects are crumbling, laying bare Modi’s ‘electoral gimmick’

Officials at Delhi’s airport cancelled operations at Terminal 1 after an outdoor metal canopy collapsed during torrential rainfall on Friday. Multiple cars were crushed outside the airport, which was recently renovated, killing one person and injuring eight, according to the authorities. The area recorded its heaviest one-day June rainfall in 88 years that day.

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Maria Siow - Thomas Daniel - As Brics lures Malaysia and Thailand in a ‘crumbling’ world order, is Asean OK? - scmp.com - Indonesia - Thailand - Malaysia - India - province Gorontalo

As Brics lures Malaysia and Thailand in a ‘crumbling’ world order, is Asean OK?

Malaysia’s push to join Brics has largely been driven by Anwar’s broader rhetoric around championing the Global South and challenging perceived Western double standards, according to regional foreign policy experts.

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Andrew Sheng - The AI revolution: we’re either in it together or we’re in for it - scmp.com - China - Hong Kong

The AI revolution: we’re either in it together or we’re in for it

AI can guide the next drone or missile to hit you with faster accuracy than imagined. It can also develop the next miracle drug. We do not know if AI is ultimately good or bad, only that the bandwidth of risk and opportunity is widening at frightening speed.

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