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.
Sri Lanka needs $3b to stave off crisis
Sri Lanka will need about $3 billion in external assistance within the next six months to help restore supplies of essential items, including fuel and medicines, to manage a severe economic crisis, its finance minister told Reuters on Saturday.
Turkish inflation hits fresh record at 61.1pc
Turkey’s inflation hit a new record in March, official data showed Monday, driven up by the fallout from Russia’s invasion of Ukraine and soaring energy prices.
Sri Lanka seeks Bangladeshi investment
Sri Lankan High Commissioner to Bangladesh Sudharshan Seneviratne has sought investment from Bangladesh in tourism and agriculture sectors of the nation, which is now going through an economic turmoil.
China to remove hurdle to Sino-US audit cooperation
China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-US cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes.
Japan to ban Russia-bound exports of luxury cars, goods
Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade ministry said on Tuesday.
Sinopec plans its biggest capital expenditure in history
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call for energy companies to raise production.
Foreign cash fleeing China adds insult to injury
Beijing’s close ties with Moscow may be rattling foreign investors. A study by the Institute of International Finance found that China has been experiencing “unprecedented” capital flight since Russia invaded Ukraine.
Sri Lanka seeks further $1b credit line from India
Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst economic crisis in decades, two sources said on Monday, as the Indian foreign minister began talks with the government of its neighbour.
China and Nepal study feasibility of cross-border power grid
China and Nepal will conduct a feasibility study to construct a high-voltage power transmission line across the Himalayas to facilitate the exchange of electric power, officials said on Saturday.
Samsung chief’s mother sells stakes to pay taxes
Hong Ra-hee, Samsung Electronics Vice Chairman Lee Jae-yong’s mother, reportedly sold her shares in the company worth 1.3 trillion won ($1.06 billion) in a block trade Wednesday, the latest stake sale by the Samsung family being carried out apparently to pay inheritance taxes.