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.
China offers relending facility for transport
China’s central bank said on Friday it launches a 100 billion yuan ($15 billion) relending facility to support the transport, logistics and storage sectors which have been hit hard by Covid-19.
Cash-strapped Sri Lanka to sell golden visas
Cash-strapped Sri Lanka announced Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay for food and fuel.
Indonesia may widen palm export ban
Indonesia is prepared to widen its ban on exports of refined palm olein if it faces domestic shortages of derivatives used in the production of cooking oil, according to details presented at a meeting between government and industry officials.
Pakistan seeks hike in size of IMF programme
Pakistan has sought an increase in the size and duration of its $6 billion International Monetary Fund (IMF) programme, the country’s Finance Minister, Miftah Ismail, said on Monday.
Sri Lanka exchange halts after 13pc plunge
Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13 per cent plunge, derailing the bourse’s tentative reopening after a two-week break aimed at forestalling a market collapse.
Ferrari to recall more than 2,000 cars in China
Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday.
Japan agrees $21b extra budget
Japan’s ruling coalition on Thursday agreed a supplementary budget to support lower-income households and small firms, signalling more spending for the heavily indebted nation as it battles inflationary pressures for the first time in decades.
Some Chinese state banks will reduce deposit rates
Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, sources told Reuters. The planned cuts come a week after regulators encouraged smaller banks to lower the ceiling for their deposit rates. The moves will also coincide with China’s reduction in banks’ reserve requirements, effective on Monday.
Indonesia bans palm oil exports
Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation.
Japan, Russia sign fishing deal despite Ukraine war
Japan and Russia struck a deal on Tokyo’s fishing quota to catch salmon and trout born in Russian rivers, Japan’s fisheries agency said on Saturday, despite worsening ties over the crisis in Ukraine.