Malaysia should be booming as manufacturers exit China. But it isn’t, and its own short-sighted labour policies are to blame. For decades, Malaysia served as an export manufacturing hub, boosted by location and access to low-cost migrant labour. Those migrants haven’t returned as the Covid-19 pandemic eased. According to a recent analysis by Reuters, as of June the country ...

  European natural gas prices are still well below the all-time high set in March. Dig a bit deeper, however, and they are signalling a more protracted disruption than markets anticipated in the immediate aftermath of Vladimir Putin’s invasion of Ukraine. While the gas market then priced in a short-lived crisis, lasting perhaps a couple of months, it’s now flashing ...

  Bloomberg It could be one of the world’s most expensive white elephants. Hong Kong opened its new, third runway at its airport, part of a HK$141.5 billion ($18 billion) project that will increase its footprint by 50%, adding 650 hectares (1,606 acres), equivalent to the size of Gibraltar. Also under construction is a HK$20 billion entertainment, retail and commercial ...