GLOBAL INVESTORS who had enough of Chinese real estate developers’ default drama have been looking for safe havens elsewhere. They are coming away feeling disappointed. Credit crises are lurking in every corner of emerging markets and the latest scares are no less dramatic. Earlier this month,

There are three topics this week and we go straight to them.HIGH GDP GROWTH IN 3RD QUARTERThe Philippine Statistics Authority (PSA) reported some good news last Thursday — the country’s GDP growth in the third quarter (Q3) was 7.6%.Of the 16 private economists polled by

UNSPLASHTHE COLLINS DICTIONARY’s word of the year for 2022 is “permacrisis.” As accolades go, the managing director of Collins Learning, Alex Beecroft, has said that this one “sums up quite succinctly how truly awful 2022 has been for so many people.”The word, most widely understood

GROUP of 20 (G20) leaders meet on Tuesday under very different circumstances than those host Indonesia envisioned when it began planning the summit last year, with Russia’s invasion of Ukraine hanging over proceedings even in the absence of Russia’s leader.Indonesia, the world’s fourth-most populous country

SOUTH KOREA’s education system, a key driver of the nation’s economic success, is facing increased criticism ranging from failing to meet the demands of a modern labor market to contributing to worsening mental health among the young. Korea has the highest share of college graduates in

REUTERSLONDON — Unilever has raised prices faster than its biggest rivals P&G and Nestle since the middle of 2021, in a replay of its strategy during the 2007-09 financial crisis.The British maker of Dove soap, Hellmann’s condiments and Marmite spread, said at the end of

BIONTECH SE, the German biotech that developed a widely used COVID-19 vaccine with Pfizer Inc PFE.N, acquired a manufacturing facility in Singapore, its first in Asia, the company said on Monday.The facility, bought from a Novartis unit, will be its first messenger ribonucleic acid, or

Brenden Brain/CC BY-SA 3.0/Wikimedia CommonsHONG KONG — Macau casino operators, vying for a license in the world’s biggest gambling hub, are expected to invest a total of around 100 billion patacas ($12.4 billion) over the next 10 years, local broadcaster TDM reported. The seven applicants, which

CIREBON POWERNUSA DUA, Indonesia — Indonesia, the Asian Development Bank (ADB), and a private power firm are teaming up to refinance and prematurely retire a coal-fired power plant, the first such project under a groundbreaking carbon emissions reduction program, they announced on Monday. The 660-megawatt Cirebon

TOM BOOTH/FLICKRBEIJING/HONG KONG — Chinese software developer Tang Huajun loves playing with his two-year-old in their apartment on the outskirts of Beijing but he said he is unlikely to have another child. Such decisions by countless people like Mr. Tang will determine the course not only