As the partial government shutdown drags on, the political cost is mounting for the White House, and the domestic consequences — from uninspected food to long airport security lines — are accumulating. There is also a widely overlooked problem: The shutdown is taking a toll on US foreign policy. With global concerns about the stability of the US government rising ...

If this is prudence, let’s have more of it. The People’s Bank of China’s (PBOC) bit-by-bit approach to spurring growth is letting fiscal policy take a welcome turn at the wheel. It also amplifies a trend seen in other major economies, where central banks are carrying less of a burden relative to the past decade. The message was on vivid ...

Indonesia’s booming e-commerce industry is churning out unicorns such as Tokopedia PT and Bukalapak.com. It’s also creating a headache for the government and the rupiah. Authorities are trying to capitalise on this fast-growing cash cow by taxing e-commerce transactions. Starting April, online retailers will need to collect, deposit and report income and value-added taxes. Small and medium-size businesses must pay ...