The Latest Breaking News from Asia

March 31-April 6, 2023

Southeast Asia needs to accelerate decarbonisation of its global value chains (GVCs) as the region could face up to a 30% loss of GDP annually by 2100 due to climate change, according to the Asian Development Bank (ADB).

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise OPEC+ output cut.

The Government struck a deal to join an 11-member Asia-Pacific trade bloc last week, a step hailed by No. 10 as an example of Britain seizing its “post-Brexit freedoms”. 

Republican Virginia Gov. Glenn Youngkin will lead his first international trade mission later this month, a trip to Asia that will include a meeting with the president of Taiwan

Thailand's economic growth is projected at 3.3% this year and 3.7% in 2024 as a recovery in tourism and private consumption help offset a slowdown in exports, according to the Asian Development Bank (ADB).

Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp agreed to use the Dubai oil price benchmark in their latest deal to deliver Russian oil to India, three sources familiar with the matter said. The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark…

Shares are mostly higher in Asia as investors watch for the latest moves by central banks

Manila-based development bank estimates region will grow by 4.8 percent in 2023 and 2024, up from 4.2 percent last year.