Indonesian start-up founders still look to Singapore for first leg up
The shock of the pandemic, as well as current macroeconomic turbulence, have done little to stop Singapore’s dominance.
The shock of the pandemic, as well as current macroeconomic turbulence, have done little to stop Singapore’s dominance.
Among other measures, equipment upgrading by micro, small and medium-sized businesses will be supported by government-funded interest subsidies.
In the face of a more complicated and grimmer international environment, China is taking active moves to deal with the challenges ahead.
However, the IMF cut its growth forecast for Asia-Pacific to 4 per cent this year and 4.3 per cent next year amid an uncertain global environment.
A new plan sets out the future development of the country, with strong infrastructure and measures in place to protect the environment, among others.
Data shows that 100,000 temporary workers will be added during the Singles Day shopping festival gala to ensure parcels are delivered directly to customers.
Korea's business index has hit the lowest point in 20 months, according to data from the Bank of Korea.
The value of imports of goods also decreased 7.8 per cent for the same period, creating a visible trade deficit of $44.9 billion.
The premier also emphasised taking innovative and bold steps in the technological fields that had brought about consequential changes in every sector of life.
Key issues will include regional economic integration; digital infrastructure and sustainability.