South-East Asia

South-East Asia

Asean ambassadors hold meeting with ICC Bangladesh president

The International Chamber of Commerce (ICC) Bangladesh President Mahbubur Rahman urged ambassadors of the Asean Dhaka Committee (ADC) to increase imports from Bangladesh to reduce trade gaps.

Sri Lanka inflation eases to 0.8% in Sep

Sri Lanka’s consumer price inflation rate eased to 0.8 percent year-on-year in September from 2.1 percent in August, the statistics department said on Monday.

Russian and Chinese firms ink deals in various sectors

Chinese and Russian companies attending a regional conference in northeastern China signed a raft of cooperation deals on Monday in sectors ranging from manufacturing and logistics to e-commerce and agriculture, Chinese state media reported.

China may further cut its US debt holdings

China may continue to cut its US debt holdings amid global worries over shrinking liquidity and safety risk of the assets and the country’s ramped-up efforts to diversify its foreign exchange reserves, experts said last week after reviewing the latest data from the US Treasury Department.

Prepare now for post-LDC challenges

Bangladesh needs to increase the productivity of its manufacturing sector to make use of potential opportunities after graduating from a least developed country (LDC)

China's outbound tourism sees robust recovery

Prominent travel platforms reporting full bookings, bustling queues in international departure halls at airports, and Chinese tourists flocking to popular global destinations.

China's power sector investments may top $13.7tri by 2060

China's investments in its power sector may exceed 100 trillion yuan ($13.7 trillion) from 2020 to 2060, the official Xinhua news agency reported on Monday, citing utility behemoth State Grid Corp. of China.

Japan's business mood improves

Japan's business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook.

Vietnam probes wind towers imported from China

Vietnam's industry ministry has launched an investigation that could lead to anti-dumping duties on wind towers originally from China, following a complaint by domestic producers, the government said on Saturday.

TikTok laments Indonesia’s social media commerce ban

TikTok Indonesia has lamented the government’s recent decision to ban e-commerce transactions on social media platforms, saying that the move could jeopardise the livelihoods of millions who depend on the short-form video platform for income.

Sri Lanka’s economy shrinks 3.1% in Q2

Sri Lanka’s economy shrank 3.1 percent in the April-June quarter, official data showed on Friday, as the country struggles to claw out of its worst financial crisis in decades.

‘China to widen market access for service industry’

Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade.

China’s economic losses from disasters surge

China’s direct economic losses from natural disasters surged to 41.18 billion yuan ($5.74 billion) in July, more than in January to June combined, driven by severe weather as two powerful typhoons hit the country in one month.

Pakistan’s economic woes leave textile industry in tatters

Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the Pakistan textile industry that has seen it lose ground to more nimble Asian competitors.

US to slap Cambodia with visa restrictions, aid cuts

The US said it is taking steps to impose visa restrictions on individuals and aid cuts in response to Cambodia's national election, which Prime Minister Hun Sen's ruling party won in a landslide after his most credible rivals were disqualified

Inflation eases sharply in Sri Lanka

Sri Lanka’s inflation eased to 12 percent in June, official data showed Saturday, the lowest figures since the island nation careened into an unprecedented economic crisis last year.

India, Myanmar discuss border security issues

India’s Defence Secretary Giridhar Aramane met Myanmar’s senior leadership, including the defence minister, and discussed a number of issues including maintenance of tranquillity in border areas, illegal trans-border movement, drug trafficking, and smuggling

China growth forecast cut on property woes

Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds.

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