Bloomberg Malaysia is proposing to resume a rail project connecting its southern state of Johor to Singapore at a lower cost. The government is seeking to downsize the price tag by 36% to 3.16 billion ringgit ($756 million) with changes to the structure and scope of the project, Prime Minister Mahathir Mohamad told reporters in Johor Bahru. Construction of the ...

Bloomberg Hong Kong’s economy contracted sharply in the third quarter as it entered a recession, exceeding economists’ worst estimates of the damage from nearly five months of protests. Third-quarter gross domestic product retreated 3.2% from the previous three months, after a 0.4% contraction in the second quarter. That’s the worst slump since 2009, in the aftermath of the global financial ...

Bloomberg Taiwan’s economy grew at the fastest pace since the second quarter of last year as domestic investment and better-than-expected overseas demand helped avoid the worst of the US-China trade war. Gross domestic product expanded 2.91% in the third quarter, according to a statement from the island’s statistics bureau. That was the fastest rate of expansion since the three months ...