Two-thirds of European firms see revenues grow in China Two-thirds of European firms operating in China saw their revenues grow in 2021, according to a new European business community report. The report also listed the challenges facing businesses in the country, from the pandemic and the domestic economic slowdown to changes in the global environment, […]
Malaysia sees productivity growth of 1.8% in 2021 Malaysia’s productivity growth rebounded to 1.8% last year, equivalent to RM90,697 (£16,800) per person, according to Deputy International Trade and Industry Minister Lim Ban Hong. He said 2021 showed “a tremendous awakening from the slow economic bumps encountered due to the impact of the pandemic” – even […]
New rules governing credit cards set to come into force The Reserve Bank of India (RBI) is introducing rules setting out new protocols for card issuers, relating to the issuing credit and debit cards, co-branded cards, billing and telemarketing, among other matters. The new rules, which come into effect on 1 July 2022, stipulate which […]
UAE to launch unemployment insurance scheme An unemployment insurance scheme designed to protect those who lose their jobs is to be introduced in the UAE. UAE residents will pay AED 40 – AED 100 (£8.70 to £22) a year into an insurance scheme, and in return will be eligible to receive up to 60% of […]
China-ASEAN strengthening trade relations China is looking to boost its already successful alliance with Association of Southeast Asian Nations (ASEAN) countries, announcing its intention to deepen their strategic partnership. Trade volume between the two sides jumped from less than $8 billion in 1991 to $684.6 billion in 2020. In 2020, ASEAN and China became each […]
China moves to prop up smaller firms amid economic challenges The Chinese government is increasing its efforts to bolster SMEs’ ability to cope with short-term difficulties brought about by recent outbreaks of Covid-19, according to a senior minister. Xu Xiaolan, vice-minister of the Ministry of Industry and Information Technology (MIIT), said many SMEs have struggled […]
China eyes digital innovation as key to overseas expansion More and more Chinese companies in traditional industries are turning to digital technologies as cloud computing plays an increasingly important role in helping them expand their international business, according to Amazon Web Services. The cloud service platform of US technology giant Amazon said that over 60% […]
Banks unveils package of measures to help SMEs In an effort to support Malaysia’s smaller companies that are vital for the economy, Bank Islam Malaysia has unveiled a raft of initiatives aimed at supporting the country’s SMEs. A range of programmes has been put together by the bank as part of its five-year business strategic […]
Indian firms flourish in UK, with revenues on the rise The number of Indian-owned companies operating in the UK has grown in the past 12 months from 850 to 900, with a corresponding hike in revenues, according to the 2022 ‘India Meets Britain Tracker’ from Grant Thornton. This year’s Tracker found that Indian-owned firms employed […]
