Proposals to spur domestic investment will be studied: Malaysia PM
The proposals include studying the feasibility of reducing bureaucracy, streamlining investment initiatives, better management of foreign labour, among others.
ECONOMIC AFFAIRS
India’s vice-president calls upon exporters to explore newer markets
Pointing out that India is a young nation, he also stressed the need to fully realize the potential of the demographic dividend.
Edible oil imports hit Rs100 billion even though Nepalis are not guzzling it
Less than 20 percent of the edible oil that Nepal imports is consumed in the country, with the remaining re-exported, almost all to India.
Inflation in South Korea 2nd highest in region: IMF
The International Monetary Fund said inflation would hit 4% this year, second behind only New Zealand, in partly due to the war in Ukraine.
Indonesia to ban exports of cooking oil, ingredients
President Joko Widodo said in a video statement that the ban would last for an “unspecified time” but be continuously evaluated.
Cambodian poverty rate rises to 17% due to Covid pandemic
A major factor was the restrictions imposed by the international community on Cambodia’s textile and agriculture sectors.
Indonesia’s AGO blames corruption for cooking oil scarcity
A Foreign Trade Director General had allegedly issued export permits illegally for palm oil producers leading to a scarcity of cooking oil.
Pakistan finance minister leaves for US to meet IMF officials
He also said the government would ensure fiscal discipline to restore the programme, with no extra burden would be put on the people.
Hong Kong joining RCEP to boost global trade: Expert
At present, the total trade volume between Hong Kong and RCEP economies accounts for 60% of the total volume external trade.
Hong Kong’s jobless rate rises to 5%
Nearly all major economic sectors saw an increase in both the unemployment rate (not seasonally adjusted) and underemployment rate.