Food estate program dubbed ‘total failure’ as technical problems persist
The plan was to prepare land for the cultivation of rice and other staple crops, however, acidic soil had hampered the growth of some crops.
Policy Matters
South Korea’s foreign reserves shrink at fastest pace in 14 yrs in Sept amid strong dollar
September's decline came amid worries that aggressive monetary tightening in major countries could throw the global economy into a recession.
China RMB settlements with Belt and Road countries up in 2021
These RMB settlements accounted for 14.8 per cent of China's total cross-border use of RMB in 2021, according to a report by the People's Bank of China.
Vietnam to improve science and technology market to reduce reliance on imports
Vietnam currently remains heavily reliant on the import of technologies and equipment.
Indonesia’s 2023 Budget Law aims for 2.8% shortfall to escape commodity-prices trap
With a much lower deficit target, the government is also set to cut debt issuance to Rp 696.3 trillion, which is a 26 per cent drop from this year’s revised Rp 943.7 trillion.
Bongbong Marcos says Philippines ‘open for business’ with new Clark Airport terminal
He also said the new Clark Airport terminal is in line with the goal to make the Philippines a logistics center in Asia.
Hong Kong secretary for financial services visits Asian finance officials in Philippines
During the meetings, he encouraged the ADB to make use of the broad availability of financiers in Hong Kong for fundraising.
Japan-led equipment sales talks seek to boost flagging defence industry
At present, the export of Japanese defense equipment has been effectively left entirely up to private enterprises.
China expresses concern over US’ EV subsidy provisions
The provisions are suspected of violating the principles of the World Trade Organization such as most-favoured-nation treatment and national treatment.
‘Rigid policies not letting us soar’: Bangladesh aviation industry insiders
Pointing to the high rates of surcharge and import duty on spare parts, Managing Director of Novoair mentioned at least three private airlines that had to ground their fleet.