The UAE has published guidance for employees on how to report their employer if wages are not paid in full on time, their identification documents are confiscated, or they are not prevented from leaving their job. In a statement, the UAE’s Ministry of Human Resources and Emiratisation (MoHRE) also said workers should not be expected […]
The Reserve Bank of India (RBI) is launching a digital lending pilot project to trial ‘frictionless credit’ through its new Public Tech Platform. The RBI said the Public Tech Platform will “facilitate the smooth provision of credit by ensuring the effortless transmission of essential digital data to lenders. The RBI said the platform is being […]
China has urged other members of the BRICS bloc of countries to work together more closely to improve collective trade and so boost their economies. Speaking at the annual meeting of the BRICS Business Council, Chen Siqing, chairman of the BRICS Business Council’s China chapter and chairman of the Industrial and Commercial Bank of China, […]
The number of jobless people in Malaysia fell to 3.4% in June 2023, down from 3.5% recorded in the previous month, according to the Statistics of the Labour Force, June and second quarter 2023, released by the Department of Statistics Malaysia (DOSM). Its Chief Statistician, Dr Mohd Uzir Mahidin, said the number of unemployed people […]
India’s retail inflation rocketed to 7.44% in in July, up from 4.87% in June, with consumers facing a 11.5% spike in food prices, according to National Statistical Office (NSO). The figures represent the highest pace of retail inflation since April 2022 and the first time since September 2022 that it has been over 7%. Food […]
New figures from China’s National Bureau of Statistics (NBS) show the country’s economic recovery continued in July, despite continuing downward pressures on the global economy. The NBS’ statistics showed that sales of consumer goods recorded a 7.3% increase from a year ago in the first seven months of 2023, and fixed-asset investment went up 3.4%. […]
Dubai’s GDP grew 2.8% year-on-year in the first quarter of the year to reach AED111.3 billion (£23.7 billion), surpassing average global growth rates for Q1 2023. According to a Dubai Data and Statistics Establishment report, the surge maintains the robust momentum of growth achieved in 2022, when the emirate experienced a 4.4% economic expansion. Sheikh […]
Demand for Indian services hit a 13-year high during July, with around 29% of respondent to the monthly S&P Global survey reporting an increase in new business. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 58.5 in June to 62.3 in July, signalling the sharpest increase in output since June […]
People travelling to China for business reasons will now be able to apply for a business visa on arrival, thanks to a new initiative from the Ministry of Public Security (MPS). In addition, new rules on residence permits will allow applicants to retain their passports during the application procedure. While there is not yet specific […]
