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.
Asia markets cautious over China growth news
Asian stocks were digesting growth concerns in China and rising interest rates in the United States on Tuesday with Hong Kong dropping sharply while Japan edged higher on the back of a plummeting yen.
China likely to lower benchmark lending rates
Benchmark lending rates for China’s commercial banks are likely to be lowered at a monthly fixing on Wednesday, a Reuters survey showed, as Beijing cautiously eases monetary conditions to aid an economy hit by coronavirus lockdowns in several cities.
China’s daily coal output hits record high
China’s coal output rose 15 per cent in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to ensure steady market supply.
Asian markets slide on inflation, Covid fears
Asian stocks closed lower on Monday in cautious trade, as figures showed China’s economic growth accelerated in the first quarter of the year, but the government warned of “significant challenges” ahead.
Sri Lanka’s reluctance to tap IMF pushed it into an economic abyss
Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of essentials, including fuel and medicines.
Sri Lanka fuel prices up ahead of IMF talks
A key fuel retailer in Sri Lanka raised prices by up to 35 per cent on Monday as the cash-strapped government was set to open crucial bailout talks with the International Monetary Fund.
China’s growth under threat for Covid
The mounting cost of China’s zero-Covid policy threatens to derail Beijing’s ambitious GDP target, analysts say, as supply chains snarl, ports face delays and Shanghai remains mired in lockdown.
Sri Lanka rations fuel
Cash-strapped Sri Lanka imposed fuel rationing on Friday in another worsening of the economic crisis that has sparked widespread demonstrations calling for President Gotabaya Rajapaksa’s resignation.
China’s inflation tops forecasts as supply pressures worsen
China’s factory-gate and consumer prices rose faster than expected in March as Russia’s invasion of Ukraine, persistent supply chain bottlenecks and production snags caused by local Covid flare-ups added to commodity cost pressures.
Japan tops up LNG reserves
Japan’s government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths in Ukraine push Tokyo to halt Russian fuel imports.