Better strategy for climate finance is key to COP26 success
The need for a better architecture of climate finance is more loudly pronounced now than ever before.
ECONOMIC AFFAIRS
IMF revises down Asia economy growth forecast to 6.5%
Noting that Asia-Pacific remains the fastest growing region in the world, IMF said as vaccination rates accelerate, the region is expected to grow by 4.9 percent in 2022.
Umbrella union pushes ahead with nationwide rally
The labor group is demanding better treatment of irregular workers and more employment security.
S’ville set to turn into ‘second Shenzhen’
Cambodia has awarded a contract to a Chinese institute to transform the Preah Sihanouk province into Southeast Asia's next logistics and resort hub.
Thailand set to woo investors from China, India
Bangkok is planning to kick off free-trade negotiations with China and India in a bid to attract high-worth investors
Indonesia’s new overhauled tax law rushed through Parliament
The passage of the bill has been described as one of the hastiest deliberations in the country's history.
‘Northern Metropolis’ to be HK’s ‘second economic engine, says Lam
A sprawling metropolis there will facilitate economic integration with Shenzhen.
China’s Taihu Tunnel to aid regional economy, connectivity
The longest passageway under a lake ever built in China, is expected to open to traffic in December.
PM Ismail unveils Malaysia’s biggest five-year development plan with $129b allocation
The plan for the period 2021-2025 focuses on nine key areas, that include social welfare, protection of workers, and addressing the needs of the poor.
World Bank’s worst-case scenario for Indonesia just got worse
The World Bank sees a greater downside risk in Indonesia following the emergence of more contagious COVID-19 variants.