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 ...

The UK Parliament has inflicted the biggest-ever defeat on a sitting government in the country’s modern history. It has pretty much shredded the only deal agreed by Brussels and London for a Brexit on amicable terms. The deadline of Article 50 (the two-year withdrawal process) draws near, and there’s still no solution beyond the dread prospect of the UK automatically ...