China allows qualified property developers to withdraw pre-sale funds
A developer will be allowed to withdraw as much as 30 percent of the pre-sale funds saved for a property project.
Policy Matters
Indonesia mutual funds reeling as rate hikes, regulatory changes bite
Analysts say the drop was a result of interest rate hikes and policy changes regarding taxation and insurance brokers.
India allows settlement of international trade in rupee
The policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian Rupees.
South Korea business groups step up pressure for corporate tax breaks
The government introduced its plan to slash the corporate tax ceiling to 22 per cent of earnings from the current 25 per cent in July, pending approval.
More policy support set for real economy
Experts said stepped-up monetary support to boost investment is expected to buffer the downside risks of real estate weakness, among others.
Self-employed businesses enter new era as regulation takes effect
"It will greatly boost confidence and stabilise market expectations”, said a former official from the China Center for International Economic Exchanges.
Nuclear plant starts providing heating in Liaoning
With a planned heating area of 242,400 square metres, it is expected to replace the 12 coal-fired small boilers in Northeast China.
China unveils plan on VR development
The plan aims to cultivate 100 enterprises with strong innovation ability and industry influence.
Prices of petroleum products to remain unchanged: Pakistan finance minister
"The government has decided that the prices of petroleum products at this moment, from October 16, will be maintained for the next 15 days”, he said.
IMF calls for Bangladesh fuel pricing formula by 2024
The Washington-based lender called for a time bound plan on the pricing mechanism and pushed for its implementation by the next fiscal year.