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SINGAPORE -- When Lawrence Wong took over leadership of Singapore last month in the first such change in 20 years, one of the legacies of former Prime Minister Lee Hsien Loong has come into focus -- casino resorts.
For those unfamiliar with cryptocurrency, this is a major milestone in Asia and across the world as it opens the road for adoption and investment in cryptocurrency, moving the asset class from niche to mainstream. Although the US allowed spot bitcoin ETFs in January, it only recently approved applications to list spot ether ETFs; a second round of approvals will be needed before the products can begin trading. The US’ decision on ether ETFs came a month after Hong Kong became one of the first in the world to approve them.
Lessons have been learnt on the “cost of aggression” elsewhere and resolve has strengthened across the board to ensure conflict does not break out in Asia, Singapore’s Defence Minister Ng Eng Hen said on Saturday.
China has now been Malaysia’s top trading partner for the past 15 years in a row – a reminder of the Asian giant’s dramatic economic ascent since the two countries established formal relations on May 31, 1974.
TOKYO -- Japan and South Korea should boost economic cooperation to expand their presence in the global market, going beyond encouraging trade among themselves, according to a foreign policy adviser for South Korea's President Yoon Suk Yeol.
TOKYO -- Shares in Hybe, the South Korean entertainment agency behind the megahit boy band BTS, dropped nearly 5% on Friday morning after a local court ruled in favor of a sublabel that the company has a dispute with.
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve.
The European Commission on Friday approved Italian state aid for STMicroelectronics to build a 5 billion euro ($5.4 billion) microchip plant as Europe battles to reduce reliance on Asian imports for vital manufacturing components.