Chinese authorities put tighter regulations in place for tutoring firms
The plan bans listed companies from establishing or participating in academic tutoring for primary or secondary school students.
Policy Matters
Bank of Japan’s new deputy chief flags chance of change to yield control policy
If various conditions fall in place, some sort of change to yield curve control may become necessary, Deputy Governor Shinichi Uchida said.
Palm oil’s premium to be short lived, to fade with Indonesian supply
The premium has slowed down palm oil purchases by key importers as refiners were replacing palm oil with rapeseed and sunoil.
South Korea’s 2024 budget to boost defence, welfare spending
As concerns grow over rising national debt and tax revenue, improving fiscal health has become one of the government's top agendas.
Xi reassures foreign firms China’s opening-up
In a letter to the China Development Forum 2023, Xi said China will remain committed to its policy of opening up to the outside world.
Indonesia passes job decree into law to streamline business rules despite criticism
The regulation was declared "conditionally unconstitutional" in 2021 as it used the unrecognised omnibus method to revise multiple laws at once.
Indian state Karnataka passes flexible labour law to match China’s
The southern state is the first in India to allow round-the-clock production with two 12-hour shifts, akin to the practice in China factories.
Siem Reap-Yunnan ties set to grow
The bulk of Yunnan-backed projects are large-scale, long-term and will significantly contribute to economic growth, a statement said.
Chan: Over 700 private equity funds have set up shop in HK
The government introduced the limited partnership fund regime to attract private investment funds to operate in the form of limited partnerships.
Japanese businesses call for security clearance system
Under the system, the government will screen individuals and authorize those who qualify to access sensitive information, such as that related to national security.