The Indian government is outlining its economic plans for long-term growth ahead of the Union Budget 2023, which will take place on 1 February. Among the measures being considered are rises in customs duty, with the according to an Economic Times (ET) report, with the government reportedly preparing a list of over 35 items for […]
Foreign investment law into the Chinese mainland jumped to at least 1.15 trillion yuan ($170 trillion) in 2021, up from 999.98 billion yuan ($147.6 billion) in 2020, according to new figures from China’s Ministry of Commerce. The ministry said key to the growth was the introduction in 2020 of the Foreign Investment Law, a comprehensive […]
The world is facing an unprecedented challenge in the form of climate change, and the existing economic and financial systems must change if we are to combat it. Sustainable finance is the answer – the shift towards an investment system that is focused on environmental, social, and governance (ESG) criteria. This article will explore the […]
Bilateral trade deals in goods and services The new Economic Cooperation and Trade Agreement (ECTA) between India and Australia, which came into effect on 29 December 2022, has the potential to double bilateral trade deals in goods and services to $45 billion in five years. That’s the view of the Confederation of Indian Industry (CII), […]
Despite the International Monetary Fund’s warning that global growth is to further weaken in 2023, economists in China are confident the country’s economy can make a strong recovery in the year ahead. Economic activity has shown signs of picking up in China as the country attempts to transition from its Covid-19 restrictions, despite tighter financial […]
As the Malaysian economy continues to recover in 2023, Malaysian banks are expected to benefit from increased demand for financing, although rising interest rates could hamper demand, a new report has concluded. According to a banking sector update from TA Research, momentum in domestic economic activities remains strong, stimulating demand for financial services. “We continue […]
For the second year running UAE has been named the leading hub for residence and citizenship by investment (RCBI), with over 150,000 Golden Visas issued. Research by Swiss boutique firm Passport Legacy found that the UAE leads the world with 35 international RCBI specialists in 2022, climbing up from 30 in the previous year, the […]
India is the fastest growing major economy in the world and is all set to achieve $5 trillion GDP by 2024-25. Addressing an event organised by industry body FICCI, Union Minister Nitin Gadkari said the government is aiming to boost growth and employment in a sustainable way. The road transport and highways minister said India […]
At China’s Central Economic Work Conference, delegates concluded that reviving the Covid-19-hit economy and boosting GDP growth will be a major task in the year ahead. Supporting economic recovery by expanding domestic demand and boosting market confidence will be key priorities for China in 2023, the government has pledged. China’s government is determined to normalize […]
