Ease of Doing Business in India ‘is improving rapidly’. India is improving rapidly as a place to do business, thanks to the sustained efforts of the government, according to Chandrajit Banerjee, Director General of Confederation of Indian Industry. His view is backed up by the fact that India’s Doing Business ranking improved from 142 in […]
The Beijing Stock Exchange (BSE) is to launch a ‘BSE 50 index’, which experts say will further stimulate the development of the country’s small and medium-sized enterprises, according to some of the country’s leading finance specialists. The bourse has announced that “a broad-based index comprising 50 large companies will be introduced, which will be its […]
RBI looks to protect consumers from digital fraud In its fight against cybercrime, India’s central bank is considering setting up a database of fraudulent websites and phone numbers, including relevant locations. Reserve Bank of India’s (RBI) Executive Director Anil Kumar Sharma said the database would help prevent fraudsters from repeating their crimes because phone numbers […]
ASEAN countries ‘decoupling’ from US economy ASEAN economies, including Malaysia, are experiencing a “partial decoupling’’ from the United States, the world’s largest economy, according to a new study. Maybank IBG Research latest report explains how ASEAN countries – which has 10 member countries, including Indonesia, Thailand, the Philippines and Singapore – are becoming less exposed […]
China’s State Council has set up regional task forces to speed up the rollout of the government’s economic stimulus policies and tackle local problems. And the Council is calling on the provinces with larger economies to take the lead in bolstering the country’s growth during a period of downward pressures after key indicators slowed in […]
UAE to clamp down on Firms that delay employee pay The UAE has updated its Wage Protection System rules in an attempt to protect workers from unscrupulous companies that fail to pay salaries on time. The Ministry of Human Resources and Emiratisation (MOHRE) said it “will monitor companies through field visits and inspections” to make […]
Only 40% Indians are employed or seeking work, shows data Just two in five working age Indian people were employed or looking for employment in 2021-22, new data has shown. The Centre for Monitoring Indian Economy’s (CMIE) latest research also found that India’s workforce has fallen from around 445 million to 435 million in the […]
China looks to boost growth through the private sector More effort must be made to improve the health of the private sector, with the government creating the conditions to enable entrepreneurs to flourish, China’s President Xi Jinping told a recent high-level conference. And industry experts and company executives said such support will stimulate the economy […]
Malaysia ‘no longer in financial crisis’ With the economy growing at 6.9% in the first half of the year, Malaysia is “no longer in a financial crisis”, with businesses absorbing the impact of the overnight policy rate (OPR) rise relatively well, Bank Negara Malaysia (BNM) governor Nor Shamsiah Mohd Yunus has said. Shamsiah made the […]
