India is on course to achieve gross domestic product (GDP) growth of 7% for FY25 (2024-2025), according to the Asian Development Bank (ADB). It cited robust expansion in the industrial sector and strong demand in construction led by the housing market. “The stronger-than-expected fiscal position of the central government could provide a further boost to […]
China’s GDP grew by 5% year-on-year in the first half of this year to 61.68 trillion yuan ($8.49 trillion), demonstrating a steady economic rebound, the country’s National Bureau of Statistics (NBS) has reported. In the second quarter of this year, the economy grew by 4.7% in comparison to a year earlier, following 5.3% growth in […]
The Malaysian government has set a target to reduce the nation’s carbon intensity against gross domestic product by up to 45% by 2030. Carbon intensity is the volume of carbon emissions per unit of GDP, so reducing carbon intensity means that less pollution is being created per unit of GDP. Announcing the plan, Hayati Awang, […]
India’s import and export businesses would benefit from rationalisation of the regulations proposed by the country’s central bank, the Reserve Bank of India (RBI). Experts say that changes to the rules covering export and import transactions would simplify and streamline the processes for the trading community, describing the RBI’s initiative as “an excellent effort”. “The […]
Plans to develop an electronic statistical ledger system for businesses and relax restrictions on government interdepartmental data sharing have been announced by China’s National Bureau of Statistics (NBS). The announcement came in response to criticism of inaccurate data reporting by enterprises and individuals, with critics suggesting the NBS could utilize the country’s tax system to […]
China is looking to become a global leader in corporate sustainability reporting in the next decade, according to the country’s Ministry of Finance (MOF). The ministry has launched a public consultation on the Exposure Draft of the Chinese Sustainability Disclosure Standards for Businesses, saying that it intends to create a mandatory International Sustainability Standards Board […]
An organisation dedicated to furthering the cause of India’s micro, small and medium-sized enterprises (MSMEs) has launched a campaign to help improve the sector’s global competitiveness. SMEStreet’s ‘Future Ready MSMEs’ campaign kicked off with a webinar outlining the aims of the campaign and discussing issues facing smaller firms in India. In order to boost MSMEs’ […]
Emirati SME suppliers associated with Dubai SME were awarded AED1.27bn ($346m) in contracts and purchases in 2023 from local and federal government entities, semi-government organisations and private businesses. The latest figures were announced on the occasion of the UN-designated Micro-, Small and Medium Sized Enterprises (MSMEs) Day – marked internationally on June 27 – recognising […]
Financial globalisation refers to the integration of financial markets across borders, allowing for the free flow of capital, goods, and services. This phenomenon has several benefits, but it also poses some challenges to countries and markets worldwide. Here we explore the main benefits of financial globalisation, the development of the financial sector, and the challenges […]
