Pay rises on cards for Malaysia’s company directors. Malaysia’s executive and non-executive directors are expected to receive salary increases of 5.44% and 5.43% respectively in 2023, according to a survey by the Malaysian Employers Federation (MEF). Almost 90% of firms surveyed said employees’ performance was the main criteria for determining executive and non-executive salary increases, […]
India’s Economic growth will slow to 5.9% in 2023, compared with a predicted 6.9% in 2022, according to international investment bank Goldman Sachs. “Growth will likely be a tale of two halves, with a slower first half as the reopening boost fades, and monetary tightening weighs on domestic demand. “In the second half, growth is […]
The Chinese government is stepping up efforts to help foreign organisations continue to operate as normal as the country suffers fresh outbreaks of Covid-19, including helping to facilitate the cross-border travel of foreign firms’ staff and their family members. According to an official notification, more efforts will be made to encourage foreign entities to increase […]
The UAE private sector has a new insurance scheme to provide protection for employees and the federal government is to launch in the new year. Under the new scheme, which was announced in May, workers will receive compensation for a period not longer than three months for each claim if they lose their job for […]
Extreme weather conditions meant India suffered a loss of $159 billion in income in 2021, equivalent to 5.4% of its gross domestic product (GDP). The Climate Transparency Report 2022 said extreme heat was the main factor, with the worst-hit sectors being services, manufacturing, agriculture, and construction. It also cited flooding as a serious issue. Extremely […]
China’s economy continued its recovery to fight Covid-19 in October, although the growth rate was slight, according to figures for the country’s National Bureau of Statistics (NBS). However, it also warned that with the global economic system being so volatile the foundation for the country’s economic recovery is not yet solid, the bureau said. “China […]
The Malaysian Institute of Accountants (MIA) also said that the aims developing and attracting female talent, and speeding up digital transformation were “aligned with the Institute’s purpose of nation building”. A leading Malaysian trade body has praised the Budget 2023’s emphasis “on strengthening business resilience especially among micro, small and medium enterprises (MSMEs)”. MIA President […]
A senior figure at the Reserve Bank of India is calling for loans to be spread more evenly, as new figures show that 82% of so-called ‘microfinance loans’ are made in just 10 states. The RBI’s Deputy Governor, M. Rajeshwar Rao, said that while microfinance has emerged as one of the most important tools to […]
The two-day trade and investment China international companies like International Import Expo (CIIE) generated potential business worth $4 billion, according to reports. CCTV News App reported that more than 1,100 enterprises from over 50 countries and regions were present at the Shanghai event, with cross-border ‘matchmaking’ activities also held online. Over half of the world’s […]
