Malaysia says it won’t peg currency and will focus on policies to strengthen ringgit
During the 1998 Asian financial crisis, Malaysia imposed capital controls and pegged the ringgit at 3.8 to the US dollar, maintaining it until 2005.
Policy Matters
Korean chipmakers ask US to extend exemption on export controls
Samsung Electronics and SK hynix had been on the validated end-user authorisation list before the US imposed sanctions against China.
ASEAN to set ‘guardrails’ on AI with new governance code
Moves by Asean to set guidelines around AI come as the European Union and US are expected to release a draft of a voluntary AI code of conduct within weeks.
Businesses worry Indonesia’s fight on deforestation may hamper EU-CEPA
According to a report, Indonesia claimed the EU was conducting "regulatory imperialism" with its new deforestation legislation.
China to draft new policies promoting industrial internet
The move came as this year marks the end of the MIIT's three-year plan for the innovative development of the industrial internet.
Wide reach of the RCEP boosting exports
The caretaker Prime Minister is promoting the economic partnership to create opportunities for Thai entrepreneurs to penetrate the global market.
Bangladesh Bank frames rules for setting up digital banks
Under this new framework, digital banks will not be allowed to provide any service to clients directly through physical counters.
India’s curbs on Chinese companies set to ruin its attractiveness
India's restrictions on Chinese smartphone manufacturers will only damage its own business climate and technological innovation, industry experts say.
Pakistan state bank keeps policy rate unchanged at 21%
Weak domestic demand, among others, is the major determining factors behind this assessment,” the central bank’s statement said.
Japan expands scope of Category II residence status amidst labour shortage
The addition is based on the demands of various industries that are facing severe labour shortages due to an aging society and declining birthrate.