Asia Pacific News
COVID-19 impact: Air passenger number collapses in Asia Pacific, decline in cargo markets deepens on weak demand
The rapid spread of COVID-19 resulting in border closures and travel restrictions across the world forced an almost complete shutdown of international airline operations.
Coronavirus Outbreak: Unemployment rate in Asia-Pacific may rise over 3 percentage points; household income to fall
S&P Global ratings chief economist (Asia Pacific) Shaun Roache said the rise in unemployment could be larger now than in previous cycles because the downturn is much larger.
Coronavirus Outbreak: Asia to see zero percent growth in 2020, worst performance in 60 years, says IMF
Asia is expected to witness zero percent growth in 2020 due to COVID-19 pandemic, its worst growth performance in almost 60 years, but still the world's largest and most populous continent is likely to fare better than other regions in terms of activity, the International Monetary Fund (IMF) has said
Companies in India to dole out lowest salary hike in a decade at 9.1% in 2020; lack of talent, niche skills to blame: Report
In the Asia-Pacific region, India is expected to dole out the highest salary hike at 9.1 per cent, followed by China at 6.3 percent this year.
After challenging year for aviation, improvement expected for 2020; global airline industry to produce net profit of $29.3 bn: IATA
The highlights of the expected 2020 performance of the world airline industry include the return on the invested capital forecast to be 6 percent as compared to 5.7% expected in 2019.
Asia shares edge up as stimulus hopes temper recession worries; MSCI’s Asia-Pacific index outside Japan rises 0.53%
Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold
Delhi's Connaught Place fourth most expensive office market in Asia Pacific: Knight Frank
Hong Kong, Tokyo and Singapore are the top three most expensive office markets in the Asia Pacific, while Mumbai's BKC (Bandra Kurla Complex) stood at seventh rank
Bengaluru, Gurugram among top 5 preferred locations in APAC for tech firms: Report
Bengaluru and Gurugram are among the top 5 preferred destinations in the Asia Pacific to set up offices by technology companies because of better business conditions as well as the availability of engineers and real estate for growth, according to a report
SpiceJet joins global airlines' grouping IATA as member; first Indian low-cost carrier to get membership
The IATA membership is significant on account of SpiceJet's plans for rapidly expanding its international footprint
Xi Jinping warns armed forces of possible war: China's assertiveness reflects its modernised military programme
The statement by Xi Jinping marks the culmination of several statements and actions by China aimed at enhancing the capability and positioning of the armed forces.
Kaspersky willing to 'adopt and comply' with India's data localisation laws
With its "Digital India" initiative for increased digitisation, Cybersecurity could become a major concern.
Oil prices fall from 4-year highs as Saudi Arabia and Russia quietly agree to output rise; US stocks swell
US crude oil stocks C-STK-T-EIA rose by nearly 8 million barrels last week to about 404 million barrels, the biggest increase since March 2017, Energy Information Administration data showed on Wednesday
Asia Water 2018 forum: ADB president says 300 million people in Asia-Pacific have no improved access to water
More than 800 gathered on Tuesday at the ADB headquarters in Manila for the opening of the Asia Water Forum 2018.
India's share in Asia-Pacific's GDP rises to 17.3% in 2017 from 14. 6% in 2000: ADB report
The ADB report said the three largest economies in Asia and the Pacific — People's Republic of China (PRC), India, and Japan — accounted for more than 70 percent of the region's GDP at PPP in 2017, up from about 63 percent in 2000.
Mike Pompeo pledges $300 million in new security funding for Southeast Asia, says assistance will help counter 'transnational threats'
US Secretary of State Mike Pompeo pledged on Saturday to provide nearly $300 million in new security funding for Southeast Asia, as China forges ahead with plans to bolster its engagement in the region.
India to send twenty boys and girls at Junior NBA World Championship in Florida
The National Basketball Association (NBA) has announced the rosters of the 32 teams that will compete at the Jr. NBA World Championship.
Employers around the world face worst talent shortage in 12 years; India among most-affected countries
The worst affected country across the world in terms of talent shortage is Japan, as 89 percent employers said they faced difficulty in filling positions
Qatar Airways' chief makes sexist comment, says carrier led by man as it's a 'very challenging position'
Qatar Airways' chief sparked disbelief on Tuesday by saying his carrier was led by a man because "it is a very challenging position", this even as airline bosses admitted more women should be in top roles.
GST and demonetisation will improve tax collection, broaden tax base in India, says Moody's
Reforms such as GST and demonetisation will improve tax collection and broaden the tax base in India overtime, Moody's Investors Service said
Over 68% of Asia-Pacific's workforce makes a living in informal economy, says International Labour Organisation
1.3 billion people of the employed population in the Asia-Pacific make their living in the informal economy, says the International Labour Organisation.