The UAE’s retail sector boomed in 2023, defying global trends by growing by 13%, according the latest ‘State of the UAE Retail Economy’ report from regional retail giant Majid Al Futtaim. The report, which highlights key economic data, trends and insights into consumers’ behaviour patterns, found that the UAE’s economy saw 3% GDP growth last […]
Climate change has increased the frequency and ferocity of weather shocks, posing challenges for monetary policy and economic growth, the Reserve Bank of India (RBI) is warning. The RBI’s Monetary Policy Report April 2024 said that with global average temperatures on the rise, and the accompanying increase in extreme weather events (EWE), the economic and […]
China is introducing new regulations to protect consumers’ rights in both the emerging ‘live-streaming’ market and traditional online platforms. The new rules mean individuals or companies engaged in live-streaming sales must inform consumers as to the exact nature of goods are being sold, according to an official from China’s top market regulator. Live-streaming sales are […]
The Securities Commission Malaysia (SC) is stepping up its efforts to combat financial scams by stepping up its cross border collaborations following a staggering 321% increase in reported incidences over the past five years. Executive chairman Awang Adek Hussin said the Asia-Pacific Regional Cooperation (APRC), a part of the International Organization of Securities Commissions (IOSCO) […]
Start-ups in India must set new standards in corporate governance and financial management, leaving no room for lapses on this front, the former chief of a leading government think tank has said. Amitabh Kant, a former NITI Aayog Chief Executive, described start-ups as “national assets”, saying India should be aiming to become the world’s leading […]
China’s economic outlook is set to improve this year, with the country’s growth target of around 5% for 2024 well within reach, according to a renowned economist. Huang Yiping, dean of Peking University’s National School of Development, told the China Daily website that China’s economy is relatively stable, with better-than-expected indicators in the first two […]
UAE businesses can now get support with Corporate Tax registration request at 23 Government Service Centres across the emirate. The Federal Tax Authority (FTA) explained that enabling taxpayers to submit requests through Government Service Centres allows them to register directly via the ‘EmaraTax’ platform – a digital tax service that operates 24/7. In addition to […]
India’s Prime Minister Narendra Modi has urged successful business founders to mentor young innovators who have an important role to play in driving the country’s economic growth. Speaking at the recent Startup Mahakumbh event, the PM also asked micros, small and medium-sized enterprises (MSMEs) and industry bodies to identify the problems that they are facing […]
China’s policymakers will take steps to reduce financing costs and ensure businesses have access to funding in order to boost the country’s economic recovery efforts, officials and experts have said. Pan Gongsheng, Governor of the People’s Bank of China (PBOC), the country’s central bank, said that the country still has the scope to further cut […]
