India will be driving 20% of the world’s economic growth in the next decade as it continues its march to become the third-largest economy globally, according to G20 Sherpa Amitabh Kant. Speaking to the All India Management Association (AIMA), he said that India continues to be the fastest-growing large economy in the world and is […]
Malaysia is to speed up the implementation of measures to achieve the Sustainable Development Goals 2030 (SDG 2030), and according to Deputy Economy Minister Hanifah Hajar Taib. In the opening address to SDG Summit 2024, she urged all stakeholders to work collaboratively to achieve the ambition. She said: “In reality, no government can do this […]
The UAE has more than doubled the number of companies it had at the start of the Covid-19 pandemic and saw foreign investments reach AED112bn ($30.5bn) last year, according to a government report. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, chaired the UAE Cabinet’s meeting in Abu Dhabi […]
More than half of investors in cryptocurrency (55%) in India are Gen Zs – people born between 1996 and 2010 – according to a leading investment specialist. Additionally, 41% of investments in stocks and 25% of investments in non-fungible tokens (NFTs) are made by Gen Zs. Chartered Financial Analyst (CFA) Swati Saxena, CEO of 4Thoughts […]
China and Africa are set to strengthen their economic and trade ties, bolstering industrial integration and fostering cooperation in emerging sectors, according to Premier Li Qiang. In a speech at the opening of the recent Conference of Chinese and African Entrepreneurs, held in Beijing, Li said entrepreneurs have also been called on to channel more […]
Almost 1.1 billion people in China are now internet users, with internet penetration reaching 7%8, as recorded in June 2024. This is an increase of 7.42 million from December 2023, according to a recently released report. It said that teenagers and the elderly are important sources of new users, with increased usage expected to boost […]
The slowdown of India’s economic growth has been attributed to lower government spending because of the spending moratorium in the build-up to the country’s recent elections. India’s gross domestic product (GDP) slowed to a 15-month low of 6.7% in April-June quarter of this fiscal period against 8.2% in the year-ago period, according to official data. […]
The RM120 billion (£21bn) domestic direct investment (DDI) boost from government-linked investment companies (GLICs) under the Gear-up programme will benefit the Malaysian economy and enhance global competitiveness, according to leading economists. But they warned that the initiative, driven by the Ministry of Finance (MoF), needs to be well-structured and carefully implemented, and that the six […]
From now on, fees paid for the ‘private clarification’ of tax will be refunded in cases if the clarification is not issued, the Federal Tax Authority (FTA) announced. Under ‘private clarification’, companies could submit a request to seek further clarification related to taxes issued by the FTA. The companies had to pay for this service […]
