16 h. ago Is Indonesia ready to roll the dice on casinos at the risk of social costs?

The potential legalisation of gambling in Indonesia has resurfaced as a means for higher state revenue, but opponents argue the activity risks fraying the cultural fabric of the world’s largest Muslim-majority nation. Lawmaker Galih Kartasasmita floated the idea during a meeting with the finance ministry on May 8, where he said Indonesia should follow the footsteps of the United Arab Emirates, which legalised gambling last year. “The UAE is ready to run a casino, [an] Arab country [finally] runs...

Events

34 h. ago Canada to mine more amid geopolitical tensions: former minister Bill Morneau

Canada’s new government will invest more in mining at a time when the country’s economy and manufacturing sector are facing “challenges” related to China’s curbs on rare earth exports, Bill Morneau, former Canadian finance minister, told the Post. “One of the challenges for Canada is that we will need to increase our own mining,” Morneau, who was in office between 2015 and 2020 under then-prime minister Justin Trudeau, said in Shanghai on Friday. “The initiative by new [Prime Minister] Mark...

Politics

5 d. ago Malaysia’s new luxury tax a hard sell for Anwar as popularity wanes

Many Malaysians may find life’s little indulgences suddenly beyond their reach from next month, when fresh taxes bite on premium goods and services like salmon and silk – and even haircuts – after the cash-strapped government said it would raise revenue from so-called luxury spending. Taxes of between 5 and 10 per cent will be imposed on “discretionary and non-essential goods” as well as financial and beauty services and private education from July 1, the Finance Ministry said in a statement...

Events

7 d. ago Chinese legends, Disney characters compete in Hong Kong dragon boat race

Competitors marked the final day of Hong Kong’s International Dragon Boat Races on Sunday by donning an array of colourful costumes that included beloved characters from animated films and Chinese folklore. Hongkongers, expats and a team of visiting Canadian paddlers were among those taking part in the fancy dress competition held on the event’s second day. The races were organised by the city’s Tourism Board and the Hong Kong China Dragon Boat Association. Toronto’s Water Vipers dragon boat...

Politics

7 d. ago Chinese legends, Disney characters compete in Hong Kong dragon boat races

Competitors marked the final day of Hong Kong’s International Dragon Boat Races on Sunday by donning an array of colourful costumes that included beloved characters from animated films and Chinese folklore. Hongkongers, expats and a team of visiting Canadian paddlers were among those taking part in the fancy dress competition held on the event’s second day. The races were organised by the city’s Tourism Board and the Hong Kong China Dragon Boat Association. Toronto’s Water Vipers dragon boat...

Politics

8 d. ago Hong Kong’s easier redomiciling policy ‘attracts 150 inquiries from companies’

Authorities have received about 150 inquiries from companies about transferring their legal domicile status to Hong Kong after the recent passage of a law making it easier for businesses to establish themselves in the city, the treasury minister has said. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu also said on Saturday that about 180 family offices had been set up or expanded their operations in Hong Kong this year, putting the city on track to surpass its...

Events

9 d. ago Trump’s top economic officials to meet with China counterparts in London next week

US President Donald Trump’s top economic officials will meet with their Chinese counterparts on Monday. “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal,” Trump said on social media. “The meeting should go very well. Thank you for your attention to this...

Politics

9 d. ago Trump says his top economic officials will meet with China counterparts in London next week

US President Donald Trump announced on Friday that his top economic officials will meet with their Chinese counterparts next week to discuss trade, just days after he conducted a phone call with Chinese President Xi Jinping. “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference...

Politics

1 week ago 2025 Meeting of Finance Ministers and Governors of Central (National) Banks of Shanghai Cooperation Organisation Member States was held in Beijing

2025 Meeting of Finance Ministers and Governors of Central (National) Banks of Shanghai Cooperation Organisation Member States was held in Beijing  pbc.gov.cn

Politics

2 w. ago ‘Credible’ new global mediation body will draw investors to Hong Kong: Paul Chan

The new International Organisation for Mediation launched in Hong Kong will be an efficient, fair and credible mechanism for dispute resolution and attract investors from the Global South as the economy shifts towards these developing countries, the city’s finance minister has said. Financial Secretary Paul Chan Mo-po said on Sunday the inauguration of the China-led body on Friday established Hong Kong’s role as the global legal and mediation centre for the Asia-Pacific region. “An efficient,...

Economics

4 w. ago Canada has ‘nearly zero’ tariffs on US goods? Not true, finance minister says

Francois-Philippe Champagne said 70 per cent of March’s counter-tariffs were still being enforced, despite pause on certain categories.

Politics