India’s most senior banker, Reserve Bank of India Governor Shaktikanta Das, has reiterated the RBI’s commitment to bringing down the inflation rate to 4%. However, he warned that despite the bank’s best efforts the Indian economy was vulnerable to “frequent global supply shocks”, which he said can have significant implications on managing inflation. Speaking at […]
The Malaysian government should establish a RM2 billion (£34.3 billion) environment, social and governance (ESG) fund to help small and medium enterprises (SMEs) fulfil their ESG commitments. The call came from the National Chamber of Commerce and Industry of Malaysia (NCCIM), whose president Soh Thian Lai is urging the government to include the initiative in […]
Strengthening support for the private sector from the government has led to a small increase in business for the country’s small and medium-sized businesses, new figures show. China’s small and medium-sized enterprise development index edged up 0.1 point to 89.4 in August, reflecting continued recovery in the sector. The China Association of Small and Medium […]
The UAE has signed a trade deal with India that is expected to boost non-oil trade between the two countries to $100bn in five years, from $60bn currently. The Comprehensive Economic Partnership Agreement (CEPA) marks a new phase of co-operation between the two and will open additional avenues of investment and trade for companies in […]
India’s GDP hit 7.8% for the first quarter (April-June) of the current fiscal, a big drop on 13.1% GDP growth for the corresponding period of last year, according to the latest data from the government. However, the figure is an improvement on 6.1% growth recorded in the January-March period of 2022-23. Many activities, including agriculture, […]
China has set up a dedicated bureau – part of the National Development and Reform Commission (NDRC) – to promote the development of the private economy, officials from the nation’s top economic regulator and government ministers have announced. The new private economy development bureau will be responsible for coordinating and drafting policies to bolster the […]
Companies in Malaysia believe the business environment is set to improve in the third quarter (3Q) of 2023, with the confidence indicator showing a marginally positive figure of 0.7%, up from -3.1% in the second quarter (2Q), according to the Department of Statistics Malaysia (DoSM). Its chief statistician, Dr Mohd Uzir Mahidin said this optimism […]
Chinese lawmakers are considering changes to value-added tax law to simplify the systems for smaller companies, as part of the government’s efforts to further improve the country’s business environment. Draft proposals have been submitted to the Standing Committee of the National People’s Congress, China’s top legislature, for a second reading. The first reading took place […]
India’s Prime Minister, Narendra Modi, has called for a global framework on cryptocurrencies, and an ethical usage of artificial intelligence (AI). In a wide-ranging address to the B20 Summit India 2023, the PM also called for a switch over to ‘green credit’ from the current practice of carbon credit trading. “There is a challenge […]
