China allows qualified property developers to withdraw pre-sale funds
A developer will be allowed to withdraw as much as 30 percent of the pre-sale funds saved for a property project.
Big Picture
Indonesia mutual funds reeling as rate hikes, regulatory changes bite
Analysts say the drop was a result of interest rate hikes and policy changes regarding taxation and insurance brokers.
Singles Day reaping significant retailing bonanza for China
While the country has announced measures to optimize its Covid-19 rules, domestic consumption is expected to further gain growth momentum in the coming months.
Indonesian firms cut staff, costs as global crisis hits home
Export-oriented industries are among the hardest hit, with many reporting sales plunging 30 to 50 per cent or even more, depending on their reliance on the overseas market.
Philippine president says economy grew 7.6% in Q3
Analysts polled by Reuters had expected gross domestic product to grow 6.3 per cent on an annual basis, below the previous quarter’s upwardly revised 7.5 per cent growth.
Thai govt revenue in FY2022 exceeds target as economy rebounds
Revenues contributed by state enterprises in fiscal year 2022 also exceeded the target by 0.6 per cent or 858 billion baht, with 143 billion baht collected.
Tourist dollars drive surge in Thai gold consumption
“This is the longest streak of consumer demand growth in Thailand”, World Gold Council’s regional CEO said.
Markets on tenterhooks after rate hike and with US inflation numbers looming
Going forward, market expectations are for another 50 basis-point hike by the Fed in December.
China to build more innovative, reliable supply chains: Official
Vice-minister of China's top industry regulator Zhang Yunming also said enterprises have given full play to their advantages to help the world fight against the pandemic.
Officials call for traditional Chinese medicine modernisation, innovation
China has also set up the world's first TCM evidence-based medical center, 40 TCM clinical research bases, and two national-level TCM clinical research centers.