Jobs in the hospitality and travel sector have grown 169% over the past year in the country, according to the latest Foundit Insights Tracker’s (FIT) Malaysian report. Foundit, the online recruitment platform, said its October 2023 report also reveals a year-on-year growth of 16% e-recruitment in Malaysia. Its report noted: “Additionally, a month-on-month (MoM) analysis […]
India’s GDP is predicted to hit 6.4% for the current fiscal year, up from the previously forecast figure of 6%, according to the latest S&P Global Ratings. However, the US-based rating agency has reduced its growth forecast for the next fiscal year (2024-25) to 6.4%. S&P said: “We have revised up our projection for India’s […]
China and Europe should work together in industry and commerce, including green energy and sustainability, to create growth and build their economies, according to delegates at a forum to boost co-operation between the two entities. Li Chunlin, deputy head of China’s National Development and Reform Commission, said that despite a rise in protectionism and mounting […]
A new programme designed to improve small and medium-sized enterprises’ (SME) access to financial services and enhance sustainable growth has been launched in the UAE. The SME Finance Facilitator programme will speed up the process of opening bank accounts and accessing credit facilities, to help support working capital needs and long-term growth. The programme, launched […]
A new agreement between UK Export Finance (UKEF) and HSBC India will pave the way for a financing programme to support UK exporters hoping to enter this market, the UK government has said. The two organisations have signed a Letter of Intent outlining their ambition to establish a financing programme under UKEF’s Standard Buyer Loan […]
The Chinese central bank says its monetary policy is helping organisations meet the economic challenges they are facing including the cost of finance and fluctuating demand both at home and overseas. Yi Gang, governor of the People’s Bank of China (PBOC), said that by leveraging monetary instruments the country has reduced financing costs in the […]
India’s economic activity index grew at a five-month high of 7.5% in October, driven by increased economic activities during the festival period, according to the latest CareEdge Economic Meter (CEM). The research found that out of the 18 high-frequency indicators that are used in the CEM calculation, nine had seen a significantly higher annual growth […]
Malaysia’s economy grew faster than predicted in the third quarter of 2023 (July-September) with the country’s central bank, Bank Negara Malaysia (BNM), expecting buoyant domestic demand to continue. Gross domestic product grew by 3.3% from the same three-month period in 2022, according to data from BNM and the government’s Department of Statistics Malaysia (DoSM) – […]
Industry experts are calling for more financial support to be given to the Chinese cultural and tourism sector, to support the roll-out of new technologies. The comments were made at a conference for the construction, investment and financing of cultural and tourism projects, which recently took place in Shanghai. At the event, the Ministry of […]
