Housing occupancy rate in 28 Chinese cities at 12%: Report
Vacancy rates in Shenzhen, Beijing and Shanghai stood below 7 per cent, while rates in Nanchang, Langfang and Foshan were over 15 per cent.
Economic Affairs
Indonesian firms look inward for financing as global volatility runs amok
The sluggish corporate bond issuance in Indonesia was on par with similar trends across Asia, partly driven by the absence of Chinese firms’ issuance.
Pakistan rupee makes highest single-day gain of Rs9.59 in interbank markets
An expert noted the recovery was due to a sharp drop in import payments after all letters of credit for oil in July were cleared and exporters rushed to close their open positions.
WFH no longer a perk but hiring standard in Indian tech sector
As India has eased Covid-19 restrictions, information technology firms have found that employees are reluctant to return to the office full-time.
China mulls allowing foreign groups to establish finance firms
Foreign multinational groups will be able to establish finance companies directly or through foreign-funded investment companies established in China.
China’s economy in 2nd half to post steady rebound
While renewed Covid-19 outbreaks may threaten the pace of the recovery, the country's supply chain will be more resilient, economists said.
Heavy rains, floods hit Pakistan, Iran, Afghanistan trade
The friendship gate at the Pak-Afghan border in Chaman was also closed due to heavy rains along the Quetta-Kandahar highway.
‘Digital tax’ pours $167 million into Indonesia’s state coffers in first half of 2022
Rp 2.47 trillion came from VAT on transactions made through electronic systems on digital platforms like Google, which the government has collected since 2020.
RI, China eye cooperation in energy, chemicals, tech industry
Both sides also explored the possibility of increasing investment in the downstream petrochemical industry and technology.
Pakistan rupee falls to new low, closes at 236 against dollar in interbank
The dollar has come under renewed pressure amid higher demand from importers.