The dissolution of Malaysia’s Parliament on 10 October took place just a few days after the government had laid out its Budget plans for 2023. With the theme ‘Strengthening Recovery and Facilitating Reforms towards Sustainability of Economic Resilience and Wellbeing of Keluarga Malaysia’, the RM372 billion ($80 billion) Budget was presented by Finance Minister Zafrul […]
The Indian govt has extended its credit guarantee scheme (CGSS) to startups, enabling lenders to provide those eligible access to collateral-free loans up to a specified limit. The Department for Promotion of Industry and Internal Trade (DPIIT) confirmed that loan or debt facilities made available to an eligible borrower on or after 6 October 2022 […]
Tax and fee policies provide a boost to China’s economy The Tax and fee policies have been vital in bailing out businesses in difficulty, according to the China Daily website. It quoted the example of a waste management firm based in Jiangxi province in East China, which had been losing money in the first part […]
UAE salaries failing to keep pace with inflation Pay for workers across the UAE is failing to keep up with the rising cost of living, new research has found. A survey by consulting firm Mercer found that around 67% of companies have received requests from staff for pay rises, but only 16% of firms have […]
India will be ‘the star’ of emerging market economies, as rising interest rates and energy insecurity hampers growth in the vast majority of countries across the world, according to S&P Global Ratings. S&P said it estimates India’s economy will see 7.3% growth this fiscal year, although global economic performance over the next few quarters will […]
Despite global economic uncertainty, Chinese enterprises are expanding their overseas operations, with investment mainly focusing on high-end manufacturing and technology. According to a report from consultancy Accenture, expanding globally is “a key way for Chinese enterprises to build long-term competitiveness”, said Yue Bin, operations lead for Accenture Greater China. Yue added that a key driver […]
Education is one of the most principal factors in developing an individual. It not only equips individuals with the tools to succeed, but also opens their minds to new possibilities and ways of thinking. There have been a number of changes to the educational landscape over the last few decades, from online learning and MOOCs […]
Malaysia toughens rules to fight online scammers Malaysia is toughening up the security measures banks must have in place to tackle the rising tide of financial scams, an initiative spearheaded by the Bank Negara Malaysia (BNM). The bank has unveiled five additional security measures to be taken by financial institutions to better protect their customers […]
Businesses and consumers in India are being warned to avoid using illegal loan apps These apps may on the face of it offer attractive terms and conditions but actually rip off customers with excessive fees and other hidden extras. In January and February of this year, a Reserve Bank of India (RBI) working group found […]
