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The Latest Breaking News from Asia

China and Pakistan Set Up Offshore Yuan Clearing

South Asian nation becomes third country to do so this year, enabling use of Chinese currency in cross-border trade and investment

Caixin Global

Regional economic outlook mixed

Asia's strong economic rebound early this year is losing momentum, with a weaker than expected second quarter. The International Monetary Fund has cut growth forecasts for Asia and the Pacific to 4% this year and 4.3% next year, which are well below the 5.5% average over the last two decades.

Bangkok Post

Cathay Pacific Cargo launches 'Mango Express' from Darwin to Asia

A Boeing 777 is about to depart Darwin with more than 50 tonnes of mangoes on board.

ABC News

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Hong Kong set for Asean cooperation and entry into RCEP

Hong Kong is set to gain early admission into the Regional Comprehensive Economic Partnership (RCEP), city leader John Lee Ka-chiu has said as he expressed confidence the city would bring "enormous value" to the free-trade grouping and revealed that member states of the Association of Southeast Asian Nations (Asean) supported…

Bangkok Post

Cracks in Vietnam rattle investors

Financial markets in Vietnam, Asia’s fastest-growing economy, are in an unsettling slide as a crackdown on property lending, a falling currency and rising interest rates heap pressure on banks and rattle confidence.

Bangkok Post

Asia stocks fall after Fed says more US rate hikes likely

Asian stock markets have sunk after the Federal Reserve added to fears of a possible recession by saying it wasn’t finished raising U.S. interest rates to cool inflation

The Independent UK

Asia stocks tumble after US Fed says more rate hikes likely

Benchmark indexes across Asia fall after US central bank raises key rate to the highest level in 15 years.

Al Jazeera

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First heat, then floods wipe out farms in Pakistan's chilli capital

Near Kunri, a southern Pakistani town known as Asia's chilli capital, 40-year old farmer Leman Raj rustles through dried plants looking for any of the bright red chillis in his largely destroyed crop which may have survived.

Reuters

7 of 10 new schools in India private, says Unesco report

NEW DELHI: In the past 30 years South Asia has experienced rapid education expansion, outpacing the rest of the world. While it is India which is driving these regional averages, of every 10 new schools established here in the past eight years, seven are private independent schools.

The Times of India

Five tastes of Asia

Following the return of international tourism in Asia, five photographers with deep connections to India, Japan, Korea, Singapore and Thailand share one of their favourite local dishes.

Bangkok Post

Rutherglen girl is the new face of Primark and is signed to modelling agencies around the world

Kirsty Shearer has appeared in magazines all over the UK, Europe and Asia, with the world's biggest brands queuing up to use her in their ad campaigns, and her picture is now up in Primark stores across the country.

Glasgow Live

Cairo, Dubai and London Heathrow lead busiest air routes as Asia flights slump

Top two international air routes both serve Saudi Arabia

The Independent UK

Japan eyes hosting meeting with Central Asia foreign ministers

The government is considering hosting a December meeting between the foreign ministers of Japan and five Central Asian nations of the former Soviet bloc, according to several Japanese government sources.

The Japan News/Yomiuri

Singapore’s reopening boom draws big money and bubble fears

Earlier this month, a record 302,000 people attended Singapore’s first Formula 1 car race in three years. Some forked out $900 for a grandstand seat for three days, while others booked hotel suites overlooking the Marina Bay track for as much as $10,000. Nightclub tables were fetching up to $70,000…

Bangkok Post

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The Independent UK

Asian benchmarks mixed as markets await Fed rate moves

Asian shares are mixed while Chinese shares surged ahead of a decision by the U.S. Federal Reserve on an interest rate increase to curb inflation

Reuters

Worries over Germany's China dependency overshadow Scholz trip

Chancellor Olaf Scholz makes an inaugural visit to China on Friday that will be closely watched for clues on how serious Germany is about reducing its economic reliance on Asia's rising superpower and confronting its Communist leadership.

Reuters

S.Korea's nuclear regulator keen to share knowledge along with plant exports

South Korea's top nuclear regulator sees an important role in sharing their safety knowledge along with the plants it is exporting as Europe and Asia revisit nuclear power to meet carbon emissions goals and ensure energy security.

The Independent UK

3 tragedies in Asia take hundreds of lives in 1 month

More than 400 people died in October in a series of crowd-related disasters in Asia

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Chronicle Live

Emirates Newcastle Airport to Dubai daily flights to return with lunchtime departures

The lunch time departures from Newcastle International Airport will make it easier to connect to destinations in Australia and Asia

Bangkok Post

Foreigners eye Thai bourse

The slowing of the Chinese and European economies is expected to continue driving foreign funds to flow into Thailand, where an economic recovery is projected, says Asia Plus Securities (ASPS).

Bangkok Post

Digital art contest offers B377k prize

Following its successful premiere last year, the "Julius Baer Next Generation Art Prize" returns for its second edition that extends the artist line-up beyond Southeast Asia to include China and India.

The Conversation

Strictly not Halloween: why Day of the Dead is misunderstood – and why that matters

Known in Spanish as Día de los Muertos, Day of the Dead is commonly celebrated every year on November 1 and 2. Although the ritual “belongs” to Mexico, it is in fact a global phenomenon celebrated across Latin America, the US, Europe, Asia and Africa by migrant Mexican communities.

Bangkok Post

Thailand leads Asia factories' slump as global demand fades

Asia’s factories slumped in October as global demand for merchandise goods made in the region continues to weaken, with Thailand recording the steepest drop in the S&P Global manufacturing purchasing managers’ index (PMI).

Bangkok Post

Apec meet fails to wow public

As the Asia-Pacific Economic Cooperation (Apec) Summit draws near, the Bangkok Post has surveyed people on their awareness of the meeting and their views on it.

Bangkok Post

Resetting Asean's climate agenda

High inflation, rising interest rates, falling currencies and volatile energy prices, together with an economic slowdown and post-pandemic budget woes, may increase pressure on the Asean+3 -- the 10 members of the Association of Southeast Asian Nations, together with China, Japan and South Korea -- to scale back efforts to…

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