Bangladeshi banks can now maintain accounts in Chinese Yuan
An official said the government had declared the CNY as convertible currency in March 2014, but many banks are still not using the currency for foreign trades.
Policy Matters
South Korea to invest 67 trillion won to spur provincial economy
To bolster its responsiveness to fears of oncoming recession and other geopolitical risks, the nation said it has decided to speed up its spending scheme.
Cambodia to push for establishment of RCEP Secretariat in Siem Reap
Prime Minister Hun Sen called on Beijing, on Aug 3, to support the setting up of the RCEP office in Cambodia.
Welcome, rich foreigners: Malaysia
Malaysia’s new “residence by investment” visa scheme, beginning on Oct 1, is set to attract foreign tycoons and wealthy businessmen to invest and give the economy a boost.
Digital Agency struggles to reform Japanese bureaucracy 1 year after launch
The agency's role as a control tower for the digitisation of government work has stalled due to resistance from officials.
Task forces to speed up stimulus package
China called on major economic provinces to take the lead in supporting the country's growth amid downward pressures, after key indicators slowed in July.
Philippine Department of Agriculture pushes boost to salt making
Early August, the Philippine Chamber of Agriculture and Food Inc., called for a budget for the local salt industry as the country was sourcing 93 percent of its salt needs from…
South Korea’s education ministry to nurture 1 million skilled workers for digital industry
The ministry will push for measures to produce skilled workers, including software and artificial intelligence education for elementary and middle schools within this year.
China’s market regulator announces new blind box product guidelines
According to the State Administration for Market Regulation, businesses can only sell blind box to juveniles aged 8 and above after obtaining the consent of their guardians.
Surprise rate cut to help China solidify economic rebound
Thanks to the cuts, the country's loan prime rates are likely to see reductions this month, experts said.