China has pumped 64.63 billion yuan ($9.19 billion) into the economy so far in 2022, in order to protect businesses and employees’ jobs. Unemployment insurance refunds worth 44.84 billion yuan were handed out to 7.21 million organisations, meaning more than half of all the country’s employers benefitted from the social security net in the first […]
UAE introduces new reporting rules for property deals aimed at reducing the potential for illegal activity, including money laundering, in the property market. The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), working with the UAE’s Financial Intelligence Unit (FIU), have developed a regulatory framework for real estate transactions involving virtual assets. The […]
India’s insolvency regulator has amended the country’s Insolvency and Bankruptcy Code, with the aim of helping creditors get better value for distressed assets and improve recovery rates, according to industry experts. The changes by the Insolvency and Bankruptcy Board of India (IBBI) will also allow creditors to sell part assets in order to raise more […]
The Chinese govt is implementing a series of stimulus packages to bolster the economy hit by the pandemic and the slowdown in the global economy, according to the country’s top economic regulator. The National Development and Reform Commission’s Meng Wei said the foundation for economic recovery “is not solid, and the nation is currently at […]
Chancellor Delivers Tax Cut Plans Politics may have been on pause since the death of the Queen but today the new Chancellor Kwasi Kwarteng got to his feet in the Commons to deliver a mini-budget (which the government is describing as a fiscal event) with the focus on tax cuts. A lot of what was […]
Malaysia’s GDP is set to surpass official estimates of 5.3% – 6.3% growth in 2022, with the economy experiencing growth of 8.9% in the second quarter. Finance Minister Tengku Abdul Aziz said the country is likely to see even stronger growth in the third quarter of this year, despite a weaker global economy and the […]
India and the UK are expected to sign comprehensive free trade deals later this month (September 2022), while negotiations with Canada for a similar arrangement are also ongoing. India recently signed trade agreements with the UAE and Australia, and as well as the pending Canada and UK deals, India is keen to improve its trading […]
China’s State-owned banks increased their lending to the country’s businesses in the first half of 2022 (H1), with new loans supporting infrastructure development, manufacturing, and other key economic sectors. The latest half-yearly reports of the six largest State-owned commercial banks showed that four of them issued more than 1 trillion yuan ($145 billion) of new […]
The UAE has seen its exports to India jumping by a whopping 65% just months after the two signed the comprehensive economic partnership agreement (CEPA) trade pact. The value of these exports was $9.1 billion (R 724.16 billion) for the May-June period, the latest figures show. India also made significant gains during the period, with […]
