Continued climate change could lead to a 16.9% loss in GDP by 2070 across the Asia-Pacific region, with India projected to suffer a 24.7% GDP loss, according to a new report from the Asian Development Bank (ADB). The most significant losses will be caused by rising sea levels and decreasing labour productivity, with lower-income and […]
The Malaysian government has announced it Budget 2025 plans, which includes a raft of measures to boost small and medium sized businesses (SMEs) and the country’s entrepreneurs. It includes RM200 million (£36m) of funding for the Strategic Joint Investment Fund (CoSIF) and the NIMP Industrial Development Fund (NIDF), which support the growth of SMEs and […]
More than 40% of blue collar employees who participated in a recent survey said they are actively seeking new job opportunities. The survey, by recruitment consultant WorkIndia, found that the quest for a better salary is a significant motivator, with 22% of respondents saying that getting a better remuneration package is their primary reason for […]
China is looking to strengthen collaboration with European nations in key areas of energy transition, including decarbonization of power generation, renewable energies and sustainable recycling to support global green development, according to a new report. Jointly released by the Shanghai Institutes for International Studies (SIIS) and the Beijing office of Greenpeace, the report also underscored […]
The UAE’s jobs market is leading the world in unemployment protection, end-of-service benefits and ability to attract top talent, according to a number of new global surveys. Data from the Ministry of Human Resources and Emiratisation’s (MoHRE), released in its ‘Labour Market Observatory’, showed that the UAE ranked first globally in four indicators in the […]
Chinese businesses should attach greater importance to implementing more environmental, social and governance (ESG) practices to contribute to the country’s green transition, experts said at the recent ESG Global Leaders Conference in Shanghai. “Sustainable development is more than a concept from the macro perspective,” said Shanghai Jiao Tong University’s Tu Guangshao. “It needs to be […]
India is poised to remain the fastest-growing economy in the world, with the International Monetary Fund (IMF) projecting a growth rate of 7% for the financial year 2024-25. The IMF’s Asia Pacific Department Director, Krishna Srinivasan, said that India’s growth trajectory will be supported by positive macroeconomic fundamentals, recovery in rural consumption and easing inflation, […]
The Chinese government is to implement policies to support the country’s small and micro-sized enterprises and online platform operators, to help them expand their businesses and provide a boost to the economy. The State Council, the nation’s Cabinet, announced the proposals, which will also address business financing and access to credit. Luo Wen, head of […]
A big majority (68%) of professionals working in the UAE feel ‘overwhelmed’ by the rapid pace of workplace change, with 89% seeking support, new research from LinkedIn has found. The business and employment-focused social media platform also found that the pace of change has left 55% ‘worried about being left behind’. The three most significant […]
