China has seen a steady economic recovery so far in 2013 despite the sluggish world economy, with growth expected to have accelerated in the second quarter from April–June, according to one of the country’s leading regulators. Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, said there were positive […]
The government should continue to drive through initiatives to promote Malaysia as an investment centre, according to one of the country’s leading financial institutions. Malayan Banking (Maybank) group president and chief executive officer Khairussaleh Ramli said the measures put together by the government would help to reduce friction in the market. “We believe this is […]
The UK’s move to scrap the duty benefit from its Generalised Scheme of Preferences (GSP) could impact Indian beneficiaries of the scheme, including exporters from labour-intensive sectors such as leather and textiles. The UK replaced the GSP with a new Developing Countries Trading Scheme (DCTS) in mid-June. Other labour-intensive sectors, including carpet manufacturers, iron and […]
China is set to adopt a raft of policy measures to boost the country’s economic recovery, according to the State Council, which discussed the proposals at a recent executive meeting chaired by Premier Li Qiang. The meeting explored the introduction of measures to grow effective demand, bolstering the real economy and mitigating risks in key […]
Financial institutions with operations in the UAE will soon have to comply with new anti-money laundering (AML) requirements set out by the Central Bank of UAE (CBUAE), relating to virtual assets and virtual asset service providers. The CBUAE’s guidance for licensed financial institutions on risks related to virtual assets (VAs) and virtual asset service providers […]
India’s economy will be among fastest-growing ones in the world in 2023, with an expected growth rate of 6.5% in the current fiscal year. That’s the view of Reserve Bank of India (RBI) Governor Shaktikanta Das, who said: “We expect real GDP to grow by 6.5% during 2023-24. In all likelihood, India will remain among […]
More than 3,500 Chinese and Middle Eastern business representatives gathered in the Saudi Arabian capital Riyadh earlier this month as China seeks to expand its trade with countries in the region. Dozens of deals worth billions of dollars were agreed between the various representatives at the 10th Arab-China Business Conference. The Global Times reported that […]
The micro, small, and medium enterprises (MSMEs) sector remained buoyant in the first half of 2023, with the SME Sentiment Index survey showing a positive reading of 52.9. SME Bank’s group president and chief executive officer, Aria Putera Ismail, said the surveys findings showed that business owners are still optimistic despite a difficult economy, although […]
India’s online economy is expected to grow six-fold to $1 trillion in gross merchandise value (GMV), and will be twice the size of IT services by 2030, according to a new report. Compiled by Google, Temasek and Bain Capital & Co, the report said that increasing demand for digitally delivered goods and services in smaller […]
