Category: Business

Business

Sin Huat’s Famous Crab Bee Hoon Comes With an Unwritten Rule — And Ordering Duck Rice Could Get You Turned Away

SINGAPORE — Sin Huat Eating House has spent decades building a cult following around its famously expensive crab bee hoon. But diners heading to the old-school Geylang coffeeshop may discover that getting a plate is not simply a matter of placing an order and paying the bill. Chef-owner Danny Lee has his own rules — including one involving the duck rice stall operating under the same roof. During a recent visit by 8Days Eat host Damian Lim, Lee asked the 21-year-old hawker whether he was eating

August 31, 2026

Business

Vietnam’s Farmers Are Ditching Coffee for China’s Durian Boom — But the Government Is Now Warning Them to Stop

DAK LAK, Vietnam — In Vietnam’s coffee heartland, a dramatic agricultural shift is taking place. For generations, the red basalt soils of the Central Highlands have been synonymous with coffee. Vietnam is the world’s second-largest coffee producer and its dominant supplier of robusta beans, the variety widely used in instant coffee, espresso blends and commercial coffee products. But for a growing number of farmers, coffee is no longer the crop generating the biggest dreams. That title increa

August 31, 2026

Business

South Korea May Give Deportees ₱280-Plus In-Flight Meals—But Not Everyone Is Happy About It

SEOUL — South Korean immigration authorities are considering expanding access to in-flight meals for foreign nationals awaiting deportation, a proposal that has quickly triggered debate over humanitarian treatment, security and the cost of providing meals to people facing forced removal from the country. The plan is being reviewed by the Incheon Airport Immigration Office under South Korea’s Ministry of Justice. It would apply to foreigners held in the airport’s departure waiting area before be

August 31, 2026

Business

India’s Aviation Boom Is Breaking Records — But Air India and IndiGo Are Exposing a Much Bigger Problem

NEW DELHI — India spent years building one of the fastest-growing aviation markets on the planet. Now, a string of safety scares, operational breakdowns, soaring costs and regulatory questions is testing whether the infrastructure behind that growth expanded fast enough to keep up. The numbers still tell an extraordinary growth story. India’s airlines carried roughly 167 million domestic passengers last year, more than double the level recorded a decade earlier. More than 70 airports have been

August 31, 2026

Business

Fuel Prices Are Finally Going Down This September—But Here’s How Much Motorists Will Really Save

MANILA, Philippines — Filipino motorists will welcome September with a much-needed break at the fuel pump as oil companies begin implementing a fresh round of price rollbacks on Tuesday, September 1, following two consecutive weeks of fuel price increases. Final advisories released by major fuel retailers show that diesel prices will fall by nearly ₱4 per liter, offering significant relief to drivers of public utility vehicles, trucks and other diesel-powered vehicles. Seaoil Philippines annou

August 31, 2026

Business

Trump’s 50% Canada Auto Tariff Could Hammer Toyota and Honda — But the Biggest Cost May Hit America Next

Toyota and Honda spent decades turning Canada into one of the most important links in their North American manufacturing networks. Now that strategy could become an expensive liability. U.S. President Donald Trump has threatened to raise tariffs on Canadian-made cars, trucks and automotive products to 50% beginning January 1, 2027, potentially doubling the current 25% levy and putting two Japanese automotive giants squarely in the firing line. The target may officially be Canada. But Toyota a

August 31, 2026

Business

Shein Lost More Than $70 Billion in Value Before Its Hong Kong IPO — But the Biggest Winner May Be the One It Tried to Leave Behind

HONG KONG — After years of trying to convince investors that it had become a truly global fashion powerhouse, Shein is finally heading to the public market. But not in New York. Not in London. And nowhere near the valuation it once commanded. The China-founded, Singapore-headquartered fast-fashion giant priced its Hong Kong initial public offering at HK$48.56 per share, raising about US$1.7 billion and valuing the company at roughly US$26.5 billion ahead of its scheduled September 1 trading de

August 31, 2026

Business

Globe Spends ₱26.3 Billion on 5G and Digital Infrastructure—But What Comes Next for Filipino Internet Users?

MANILA, Philippines — Globe Telecom is accelerating its push to strengthen the Philippines' digital backbone, investing ₱26.3 billion in capital expenditures during the first half of 2026, with the overwhelming majority of the spending directed toward data, 5G and other digital infrastructure. The investment, which was 39% higher than the amount spent during the same period last year, underscores the intensifying race among telecommunications companies to meet Filipinos' growing appetite for fa

August 31, 2026

Business

Asia Stocks Sink as Oil Jumps and Fed Rate-Hike Bets Surge — But This Week’s Jobs Report Could Change Everything

SYDNEY, Aug. 31, 2026 — Asian markets opened the week under pressure Monday as investors confronted a dangerous combination: renewed fighting between the United States and Iran, oil prices climbing toward $90 a barrel and a Federal Reserve increasingly focused on inflation. Japan and South Korea suffered some of the region’s steepest losses as higher energy prices and rising US Treasury yields forced investors to reassess whether interest rates could stay elevated — or even rise again — for lon

August 31, 2026

Business

Singapore’s New 200 Sq Ft Homes Are Coming to Geylang — But Wait Until You See the Monthly Rent

SINGAPORE — Three adjoining conservation shophouses along Geylang Road are set for a major transformation into compact, fully self-contained micro-residences, offering a new option for professionals seeking a home somewhere between a traditional rental and a serviced apartment. The project, called House 223, will convert properties at 223, 225 and 227 Geylang Road into 15 move-in-ready micro-residences, each measuring approximately 200 sq ft. Monthly rents are expected to range from $2,300 to $

August 30, 2026