The new governor of the Reserve Bank of India (RBI), India’s central bank, has pledged to make stability, trust and growth key drivers of the bank’s policy. Sanjay Malhotra held his first press conference last week after officially assuming office, replacing Shaktikanta Das, who held the post for six years. Reflecting on his new role, […]
Micro, small and medium enterprises (MSMEs) are facing increasing challenges due to rising logistics costs, according to the Small and Medium Enterprises Association of Malaysia (Samenta). It said delivery charges have steadily climbed in response to shipping disruptions in the Red Sea and unexpected spikes in demand. MSMEs account for nearly 97% of all business […]
China should make expanding domestic demand its top priority in 2025, with consumption and services emerging as rising priorities, a leading economist has said. Li Xunlei, chief economist at Zhongtai Financial International, told the 21st Century Business Herald that if incoming US President Donald Trump carries out his threat to introduce import tariffs then China’s […]
More than 80% of enterprises in the United Arab Emirates (UAE) are deeply committed to enterprise-wide AI deployments, with buy-in from top management and a clear vision for business transformation, according to a major new survey. The AI Maturity Index Report, carried out for ServiceNow in collaboration with Oxford Economics, found that 81% of firms […]
A new international group initiated by China has been launched at the United Nations, during a meeting co-chaired by China and Zambia, to promote global co-operation in building artificial intelligence (AI) capacity. Representatives from more than 80 other countries, including the United States, France, the UK, Egypt, Pakistan, Brazil, Ethiopia and Indonesia, also attended the […]
US President-elect Donald Trump’s pledge to impose high tariffs on three of its trading partners, including China, will provide huge export opportunities for India, according to the boss of a leading think tank. BVR Subrahmanyam, chief executive of Niti Aayog, said that Trump’s pledge to introduce 25% tariffs (or customs duty) on imports from Mexico […]
China should strengthen international cooperation to take the lead in global digital trade, according to China’s former vice-minister of commerce, Wei Jianguo. Speaking at the recent 2024 Global Digital Trade Conference in Wuhan, Wei said: “China’s share of digital trade is relatively low in the international market. In order to expand the market share, China […]
Micro, small and medium-sized enterprises (MSMEs) can strengthen their financial health by embracing formal registration, maintaining accurate financial records, and adopting digital payment systems to create a transparent financial footprint, the deputy governor at the Reserve Bank of India (RBI) has said. Speaking at the CEO Forum of the Federation of Telangana Chambers of Commerce […]
The pool of skilled Islamic finance professionals needs to be expanded in order to address the rapid growth and the emerging challenges of inflationary pressures, geopolitical tensions, banking sector stresses, and advancements in technological and digitalisation. That’s the view of Malaysia’s Chartered Institute of Islamic Finance Professionals (CIIF), which said the global Islamic financial services […]
