Shanghai announces plans to boost economic growth
An action plan, consisting of 10 points, was released by the municipal government of Shanghai, on January 29.
Economic Affairs
Philippines posted above-target GDP growth of 7.6% in 2022
The performance was attributed to pent up demand following the lifting of pandemic restrictions and full reopening in the last three months of the year.
Cambodia lowers 2023 growth forecast from 6.6% to 5.6%
Hun Sen argued that the growth is underpinned by the increasing diversity in its export mix, with textile items accounting for a considerably smaller share than before.
Japanese labour, management agree wage hikes necessary amid inflation
The level of wage increases demanded by labour unions so far goes beyond what was sought last year, but it is unclear how far wage hikes can keep up with rising prices.
RMB remains fifth most active currency by value in December: Report
In terms of international payments excluding the eurozone, the RMB ranked seventh with a share of 1.47 percent.
Japan department store sales up 13 % in 2022
The climb reflected a rebound in customer traffic following the lifting of restrictions on business and other activities linked to Covid-19 in late March.
Labour crunch in China over CNY could delay deliveries in Singapore
With China lifting its Covid-19 restrictions for the first time in three years in December, more workers are returning to their home towns for CNY, industry insiders noted.
India may keep lid on sugar exports
India had exported a record 11 million tonnes in the previous season, but has only allowed sugar mills to export only 6.1 million tonnes in the current season so far.
China’s reopening will boost S’pore tourism, but also lead to higher costs: Roundtable
Experts also urged firms to step up efforts to digitalise their businesses, be more sustainable and broaden their potential talent pools.
Bank of Indonesia signals end to rate hikes, optimism on inflation target
The central bank's latest rate action was in line with estimates published beforehand by state-owned Bank Mandiri and publicly listed private-lender Bank Danamon.