The measure comes as businesses are ramping up economic activity to make up for lost time during Covid-19 restrictions. Read more at straitstimes.com.
BEIJING - Employers and local governments in China are dangling freebies - from money to movie tickets - to entice workers to stay put for the upcoming Chinese New Year as they ramp up economic activity post-zero-Covid to make up for lost time.
Traditionally, millions of migrants in major cities such as Beijing, Shanghai and Guangzhou will head home for the biggest holiday of the year, which can last up to 15 days, resulting in a shortage of workers particularly in the labour-intensive service, construction and manufacturing sectors.Get exclusive reports and insights with more than 500 subscriber-only articles every month
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German chancellor meets auto, battery bosses in 'mobility' summitBERLIN : German carmakers, Tesla, chip producers and battery maker Northvolt met the German chancellor and cabinet ministers on Tuesday to discuss topics from European law on vehicle emissions to energy prices, according to two participants.The annual summit was formerly only for carmakers but was this ti
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Pfizer CEO says there will be no generic Paxlovid for ChinaTalks with China broke off after it asked for a lower price than Pfizer is charging for most lower middle income countries. Read more at straitstimes.com.
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Family rolls out red carpet at Changi Airport for grandma arriving from ChinaAn elderly woman from China got the red-carpet treatment – quite literally – when her flight arrived at Changi Airport Terminal 1 on Sunday (Jan 8). The first flights from China, after almost three years of travel restrictions, arrived in Singapore on Sunday, and passengers at Changi Airport witnessed first-hand a number of families reunited at the arrival halls. One...
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Family rolls out red carpet for grandma as first travellers from China arrive after three yearsAn elderly woman from China got the red-carpet treatment – quite literally – when her flight arrived at Changi Airport Terminal 1 on Sunday (Jan 8). The first flights from China, after almost three years of travel restrictions, arrived in Singapore on Sunday, and...
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China 'wolf warrior' diplomatic spokesman Zhao Lijian moves to new role in borders departmentMr Zhao is now deputy head of the ministry’s Department of Boundary and Ocean Affairs. Read more at straitstimes.com.
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Dollar languishes as Fed rate hike fears recede; China reopening boosts optimismSINGAPORE : The U.S. dollar languished near a seven-month low against other major currencies on Tuesday, as investors took heart that the Federal Reserve may be nearing the end of its rate-hike cycle and as China's reopening drove demand for riskier assets.Markets have grown increasingly doubtful that the
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