Singapore Airshow returns under shadow of Asia's slow aviation recovery

SINGAPORE: The Asia-Pacific aviation industry's slow recovery from the pandemic amid government restrictions will cast a shadow over the Singapore Airshow next week, despite signs of improvement as concerns over the Omicron variant recede.

Business news summary for Jan 31 to Feb 6

Slow recovery for luxury condo market

THE Kuala Lumpur luxury condominium market, having taken a hit over the last couple of years due to the pandemic, is expected to remain soft in 2022.

Foreign investors turning away from stocks

Overseas money flowing out of Japan

China’s economy slows on worsening property market

BEIJING: China’s economy slowed further in November, dragged down by a worsening property market slump and disruptions from repeated Covid-19 outbreaks.

Airlines prepare for Omicron-induced volatility

Concerns growing about pause in bookings, travel delays

Global airlines prepare for Omicron volatility, agility will be key

SYDNEY/CHICAGO: Global airlines are bracing for more volatility due to the Omicron variant of COVID-19 that could force them to juggle schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say.

BI focuses on growth, in no rush to raise rates

BENGALURU: Indonesia’s central bank will wait until the end of next year before raising interest rates as it tries to aid the economic recovery from the Covid-19 pandemic, keeping a close watch on any United States Federal Reserve (Fed) policy moves, a Reuters poll found.

Thai economy shrinks less than expected in Q3

BANGKOK: Thailand’s economy contracted less than expected in the third quarter as businesses started a slow recovery from the coronavirus-driven slump in activity, while the reopening of the tourism sector raised hopes of a steady revival.

Oil price retreats from multi-year highs after US stock build

NEW YORK: Oil prices dropped nearly 2% on Wednesday, pulling back from multi-year highs, as an unexpected rise in U.S. crude inventories prompted buyers to take a breather after recent torrid gains.