China's New Oriental dismissed 60,000 employees and saw its income plunge 80% after Beijing barred for-profit tutoring in July 2021, founder Yu Minhong said. It has since moved into new fields

President Gotabaya Rajapaksa asks Wang Yi for help to restructure debt repayments so South Asian nation can avoid a major financial crisis, after billions lavished on 'low return' projects

Amazon has filed fresh challenges in its long dispute with Indian retailer Future Group after the anti-monopoly agency suspended a 2019 deal between the two sides

India and the Philippines have both seen a huge surges of cases in recent days, while 14 million people have been told to stay at home in Tianjin, the port near Beijing.

China's foreign minister Wang Yi on Saturday pledged $63 million in grants to the Maldives for infrastructure projects, in a bid to deepen cooperation between the two countries.

Asia's richest man Mukesh Ambani has bid for a controlling stake of the Mandarin Oriental Hotel in New York. The hotel would become part of Reliance's hospitality interests.

Sri Lanka paid a Chinese company $6.8 million despite rejecting its shipment of organic fertiliser as substandard, even though Colombo has a serious foreign exchange crisis.

Unrest in OPEC+ member Kazakhstan has pushed up oil prices as investors fear supply interruptions, but the uranium market appears less affected

Country has been forced to suspend its Test & Go quarantine waiver scheme but foreign tourists will be able to visit more beach sites in the South if they agree to the 'Sandbox' arrival scheme

The axing of price caps was meant to ease fuel shortages, but backfired as prices soared. Protests flared amid anger over endemic corruption, inequality and hardship compounded by the pandemic

Expat residents and workers are departing from Hong Kong in greater numbers than those arriving, according to the South China Morning Post

Tesla chief Elon Musk tweeted on Friday that the electric carmaker will raise the US price of its advanced driver assistant software to $12,000 on January 17 and other places later.