Newsfeed – Business News
Auto sales remain weak as demand softens
Car sales remained weak in May as slowing economic growth continued to weigh on demand, with both factory shipments and retail purchases recording a double-digit decline compared to a year […]
Developers push back on plan to raise landed house tax
Property developers voice opposition to the government’s plan to increase taxes on landed houses in urban areas, a move aimed at encouraging people to shift towards high-rise living. Read full […]
Lee Jae-myung targets big spending, bigger control
President Lee Jae-myung has assembled a pro-spending economic team to spearhead his early policy agenda, while leaving the key post of Finance Minister vacant, a move widely seen as a […]
Thai investor confidence holds steady amid economic concerns
Investor confidence in Thailand remained in a “neutral” zone in May 2025, influenced by hopes of government stimulus and domestic economic recovery, and tempered by concerns over sluggish local growth […]
Norway wealth fund urges EU to unify capital markets quicker
Norway’s sovereign wealth fund, the world’s largest, is calling on the European Union (EU) to accelerate efforts to unify its capital markets. Read full story Date: 12 June, 2025 6:03 […]
US sees oil output falling
The United States sees domestic crude production declining next year for the first time since 2021 in a blow to US President Donald Trump’s push for American energy dominance. Read […]
Qantas to close low-cost arm Jetstar Asia
Australia’s Qantas says it will close Jetstar Asia, the group’s Singapore-based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers. Read […]
BP focuses on AI to boost performance
When engineers prepare to drill for oil, they know the spot deep underground where the well must end and can choose their starting point, but there are many possible routes […]
Vietnam to study credit packages for young homebuyers
The government has directed the State Bank of Vietnam (SBV) to prioritise lending for commercial housing projects with reasonable prices and to research credit packages for young people looking to […]
US consumer prices rise moderately in May
WASHINGTON: U.S. consumer prices increased marginally in May amid cheaper gasoline, but inflation is expected to accelerate in the coming months on the back of the Trump administration’s import tariffs. […]