WTO warns of ‘real’ recession risk in some major economies
The Geneva-based trade body last month projected global trade to rise just 1.0 percent in 2023, down sharply from an estimated 3.5 percent rise for this year.
Big Picture
Stop viewing world through halal-haram lens: Kadin chief
While noting that the government did not maintain such a black-and-white view, he said the practice needed to “stop” for the sake of the global business community.
B-20 wraps up with deals on green energy, electric vehicles and more
Indonesia, for its part, has been working to refocus the country’s economy toward the production of value-added goods and clean power.
Unique strengths to cement Hong Kong’s status as global shipping hub
Hong Kong’s Chief Executive said the government endeavours to attract more high-quality maritime businesses, nurture maritime talents, among others.
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.
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.