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.
Japan inflation hits four-decade high
Japanese inflation hit a four-decade high last month, government data showed Friday, fuelled by high energy costs and a weak yen and ramping up pressure on the central bank to move away from its ultra-loose monetary policies.
Chinese brands outnumber foreign names
Chinese consumers clutched their wallets tight in this year’s Singles Day and continued seeking relatively economical home brands over pricier expensive labels, as strict COVID-19 curbs and economic uncertainty weighed on the shopping extravaganza.
Sri Lanka slashes fuel prices
Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warned that the economy will shrink an unprecedented 9.2 per cent this year.
Seoul to ease restrictions on foreign workers
Visa regulations for foreign workers in the agricultural and fisheries sectors will be eased as part of efforts to address labor shortages in rural areas.
China moves to revive housing sector
Chinese local governments may relax the floor on mortgage rates for first-time home buyers in some cities in phases, the central bank said on Thursday, in a bid to prop up property prices and revive a flagging engine of the world’s second-largest economy.
Korea, US agree to implement liquidity measures
The United States and South Korea agreed on Saturday to implement liquidity facilities to stabilise financial markets if needed, Korea’s finance ministry said after a teleconference between finance chiefs of the two countries.
Japan’s dependency on ME crude reaches 94.5pc
Japanese crude oil imports from the Middle East in August rose 12.1 per cent from a year earlier to 2.82 million barrels per day (bpd), equivalent to 13.88 million kilolitres, with Japan’s dependence on the region reaching 94.5 per cent, the industry ministry said on Friday.
UAE, Oman to boost trade and investment ties
The UAE and Oman are exploring investment opportunities worth 30 billion dirhams and will increase bilateral economic cooperation in strategic sectors, according to a statement released during President Sheikh Mohammed bin Zayed’s visit to the Sultanate.
Govt urges Malaysia to fast-track FTA signing
The government yesterday urged Malaysia to speed up the signing of a free trade agreement as it looks to retain preferential market access after the graduation from the grouping of the least-developed countries.
Dollar softens after rally
The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, but while equity markets stabilised, sentiment remained dampened by recession fears.