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 industrial profit up but mired in single-digit growth
Profit growth at China’s industrial firms accelerated in the first two months of the year in line with other signs of momentum in the economy, although the outlook is clouded by domestic Covid-19 outbreaks and the war in Ukraine.
China’s Sinopec pauses Russia projects
China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine.
Sri Lanka fuel prices soar as economy reels
One of Sri Lanka’s biggest fuel suppliers hiked the price of gasoline by nearly 20 per cent on Saturday, the second increase in as many weeks, as the country struggles to import oil without dollars.
Sri Lanka sends troops to oversee fuel distribution
Sri Lanka ordered troops to petrol stations Tuesday as sporadic protests erupted among the thousands of motorists queueing up daily for scarce fuel.
China to boost renewable power
China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals.
China Eastern crash could set back Boeing’s China recovery
The deadly crash of a China Eastern Airlines 737-800 could set back Boeing’s efforts to regain ground in the world’s biggest aircraft market and deliver more than 140 737 MAX jets already constructed for Chinese customers.
Thailand eases Covid test to boost tourism
Travellers to Thailand will no longer have to take a Covid-19 test before boarding the plane, under plans announced Friday as part of efforts to reboot the kingdom’s pandemic-battered tourism sector.
Myanmar junta approves sale of Telenor subsidiary
Myanmar’s junta has approved the sale of Norwegian telecoms giant Telenor’s Myanmar subsidiary to Lebanese conglomerate M1 Group, both companies said on Friday, in a move activist groups warn could put sensitive customer data in the hands of the military.
IMF in Sri Lanka to discuss worsening economic crisis
An IMF delegation was in Sri Lanka Monday for talks on the island’s worsening economic crisis, with the public suffering through months of food, fuel and medicine shortages.
China exports up as trade with Russia surges
Chinese exports in January and February rose a combined 16.3 per cent on surging global demand and a spike in trade with Russia in the run-up to the war in Ukraine, according to customs data released on Monday.