Business

With economic sanctions being levied against Russia in response to its invasion of Ukraine, we can expect some economic fallout to hit ASEAN economies in the weeks and months to come. There is a lot of uncertainty when it comes to things like this, b..

The harsh sanctions imposed on Russia and the resulting crash of the ruble have the Kremlin scrambling to keep the country’s economy running. For Vladimir Putin, that means finding workarounds to the Western economic blockade even as his forces conti..

Earlier this month a pair of courts in the Philippine province of Negros Occidental issued restraining orders against a government plan to import 200,000 metric tons of refined sugar. In both cases, the petitions were filed by farmers’ associations r..

As expected, the European Union has imposed a fourth round of sanctions on Myanmar’s military junta, targeting 22 more individuals and four entities, including a state-owned oil and gas company that is funneling funds to the military. In a statement ..

The Malaysian central bank, Bank Negara Malaysia, is preparing to award up to five digital banking licenses to a pool of 29 applicants. (Vincent Fong at Fintech News Malaysia has a comprehensive breakdown of everyone in the running). The announcement..

Networks for the supply and distribution of fake Indian currency notes (FICN) appear to have proliferated in Bangladesh over the past year, the culmination of a long sequence of developments originating more than two decades ago. While some cities in..

Last month, Indonesia’s parliament passed a bill to relocate the nation’s capital from Jakarta to a remote area in East Kalimantan on the island of Borneo. The construction of the new capital city of Nusantara has prompted a good deal of debate in In..

Many American policymakers are casually aware of South Korea’s rapid economic development during the second half of the 20th century. But fewer people know about the country’s success in bringing down inflation that had run 21 percent per year on ave..

The Philippines yesterday announced its full opening to vaccinated foreign travelers, after a nearly two-year ban imposed due to the COVID-19 pandemic. According to the Associated Press, vaccinated foreign travelers from the 157 countries that have v..

The political turmoil and instability unleashed by Myanmar’s coup has been a gift for the region’s drug syndicates, the U.N. Office on Drugs and Crime (UNODC) said this week, with narcotics production and trafficking spiking in the year since the mil..

Indonesia will open the island of Bali to all foreign travelers on February 4, officials said yesterday, the latest step in Southeast Asian nations’ attempts to resuscitate their economically vital tourism sectors after two years of pandemic-induced ..