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Ultra-rich foreigners in Singapore hesitant to spend amid heightened wealth scrutiny

Ultra-rich foreigners in Singapore hesitant to spend amid heightened wealth scrutiny

Super-rich foreigners in Singapore are holding back on lavish spending, leading to a decrease in demand for luxury homes, cars, and other high-end goods, as the city-state intensifies its scrutiny of wealth.
Shanghai's wealthy upgrade to new luxury homes despite property market downtrend

Shanghai's wealthy upgrade to new luxury homes despite property market downtrend

Sales of luxury homes in Shanghai are soaring as rich individuals, undeterred by China real estate market’s slump, purchase newly built units in prime locations.
August 12, 2024 | 03:33 am PT
Floods, mudslides kill 2 in southwest China, destroy homes, bridge

Floods, mudslides kill 2 in southwest China, destroy homes, bridge

Floods and mudslides destroyed village homes and part of a highway in China's southwestern province of Sichuan on Saturday, killing at least two people and leaving 17 missing in two incidents, state media reported on Saturday.
August 3, 2024 | 03:48 pm PT
Rich Chinese snaps up multi-million-dollar luxury homes in Shanghai

Rich Chinese snaps up multi-million-dollar luxury homes in Shanghai

Shanghai’s high-end real estate market is attracting wealthy Chinese as they seek to invest and capitalize on the supportive measures introduced to bolster the country’s dreary property sector.
July 10, 2024 | 01:01 am PT
China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH

China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH

China's anti-dumping probe into Europe's cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at Hennessy cognac owner LVMH said on Saturday.
July 6, 2024 | 05:56 pm PT
China's BYD acquires 20% stake in Thai dealer Rever Automotive

China's BYD acquires 20% stake in Thai dealer Rever Automotive

China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday.
July 6, 2024 | 05:55 pm PT
Quiz: Which country is the biggest beer consumer?

Quiz: Which country is the biggest beer consumer?

This country consumed over 42 million kiloliters of beer in 2022, according to beer and beverage holding firm Kirin Holdings.
July 6, 2024 | 03:26 pm PT
China, Finland compete in Da Nang fireworks festival

China, Finland compete in Da Nang fireworks festival

In the first time attending the Da Nang International Fireworks Festival (DIFF), China competed against Finland, the winner of the 2019 edition.
June 29, 2024 | 08:31 pm PT
Quiz: Which Asia-Pacific country is the biggest coffee consumer?

Quiz: Which Asia-Pacific country is the biggest coffee consumer?

This country in the Asia-Pacific region consumed nearly 413,400 tons of coffee in the 12-month period ending on Sept. 30, 2023.
June 22, 2024 | 03:07 pm PT
Death toll in south China flooding jumps to 38: state media

Death toll in south China flooding jumps to 38: state media

The death toll from heavy rains and flooding in southern China's Guangdong province this week rose sharply to 38 on Friday, state media reported.
June 21, 2024 | 06:38 pm PT
Wealthy Chinese families prefer Hong Kong over Singapore for family offices amid increased scrutiny

Wealthy Chinese families prefer Hong Kong over Singapore for family offices amid increased scrutiny

Rich families from China now favor Hong Kong over Singapore for family offices as the latter is stepping up scrutiny of Chinese wealth inflows following a historic money laundering case.
June 20, 2024 | 08:37 pm PT
China tops globally in millionaires relocation this year: report

China tops globally in millionaires relocation this year: report

China is set to see 15,200 millionaires leaving the country this year, the highest number globally, with the U.S. being their top destination.
June 20, 2024 | 05:00 pm PT
Flooding hits China’s south, temperatures sizzle elsewhere

Flooding hits China’s south, temperatures sizzle elsewhere

China’s National Meteorological Center on June 16 issued an alert for high temperatures as multiple regions across the country experience sweltering heat, while many southern provinces issued severe flood warnings due to heavy rains.
June 15, 2024 | 11:32 pm PT
Vietnam dip, Thailand enter FIFA top 100 after World Cup qualifiers

Vietnam dip, Thailand enter FIFA top 100 after World Cup qualifiers

Vietnam are expected to move down one place, while Thailand will climb two spots to enter the top 100 of the FIFA rankings, following the last two matches of the 2026 World Cup second qualifying round.
June 13, 2024 | 02:00 am PT
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