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.
Latest Stories
Muslim groups oppose renaming Jakarta street after Turkey’s Ataturk
The government's plan to rename the street, in Menteng, Central Jakarta, is to reciprocate a similar gesture by Turkey.
‘New Quad’ in making: India, Israel, US, UAE ministers hold joint meet
The foreign ministers discussed joint infrastructure projects in the fields of transportation, technology, maritime security and economics and trade.
Global ‘Squid Game’ mania lifts Netflix quarter
After a sharp slowdown in the first half of 2021, Netflix added 4.38 million subscribers from July through September to reach 213.6 million worldwide.
North Korea likely launched its first submarine missile in two years
It was from the east coast area of Sinpo into waters between the peninsula and Japan, South Korea’s military said.
India’s Defence Minister declares commitment to rule-based freedom of navigation
The move follows differences with China in recent times.
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.
Even under water, the Great Wall gets a makeover
Fluctuating water levels caused by seasonal changes have resulted in the submerged section becoming badly eroded.
China’s third-quarter growth slows to 4.9%
Overall, China's GDP grew by 9.8 percent year-on-year in the first three quarters of the year to 82.31 trillion yuan ($12.79 trillion).
Hate unleashed as clashes erupt between Hindus and Muslims
Angry mobs have attacked Hindu temples and clashed with police in various parts of the country.