China’s social security fund records steady expansion in 2021
The revenue of the fund topped 6.82 trillion yuan ($1.02 trillion) last year, soaring 34.6 percent from 2020, according to a statistical bulletin.
Economic Affairs
Customs agreement offers faster clearance for Singapore exports to Asean nations
The Mutual Recognition Arrangement, which will be signed by the 10 South-east Asian states later this year, aims to enhance supply chain security and facilitate trade in the…
Shipping boom expected after Shanghai re-opening
Although the Port of Shanghai has been operational, capacity was largely restrained because of the reduced availability of goods in the past two months. The port is the world's…
RMB treasury bonds to be issued in Hong Kong
They will be issued in four batches, with the first batch – including two, three and five-year bonds – worth 7.5 billion yuan going on sale on June 15.
Indonesia’s finance ministry expects to see 5% GDP growth in Q2
The Deputy Finance Minister said this was a result of strong spending levels due to eased mobility restrictions, improved investment growth, stronger net exports, among others.
India achieves target of 10% ethanol blending in petrol ahead of schedule: PM Modi
Prime Minister Modi also said that the country’s solar energy capacity has increased by about 18 times.
Goal to raise minimum wages to be included in Kishida’s ‘new capitalism’ action plan
The government wants to eliminate regional disparities and improve the terms of nonregular employees and other workers, aiming to raise the weighted average minimum wage to…
Malaysians hope new GST will be lower than 6%
Prime Minister Datuk Seri Ismail Sabri Yaakob previously said the government is aware of GST’s unpopularity but has limited options.
Pakistan govt raises prices of petrol, diesel by another Rs30 per litre
Finance Minister Miftah Ismail insisted the subsidy on petroleum products announced by ex-premier Imran Khan had to be withdrawn to avert financial losses.
Indonesia to scrap subsidy for bulk cooking oil
Bulk cooking oil held a lion's share of 62 per cent of total domestic cooking oil demand, with small businesses and lower-income families its main consumers.