World Bank president hopeful Ajay Banga’s plateful of challenges
One of the first things Banga would have to tackle is reforming and modernising the institution, something that stakeholders have asked for across sectors.
Big Picture
Private funding vital for developing Asia: Asian Development Bank
According to the ADB, the developing Asia economies will need $1.7 trillion in annual infrastructure investment from 2023 to 2030 to sustain economic growth, reduce poverty, and…
The future of jobs in the age of AI, sustainability and deglobalisation
In a technology-intensive, greener and potentially deglobalising world, local skills development will matter more than ever.
More banking sector vulnerabilities may be exposed: IMF chief
IMF managing director Kristalina Georgieva said the quick transition to high interest rates played a role in uncovering weaknesses, and added that the pain may not be over.
Drilling of Asia’s deepest oil, gas well begins
The well, located at the edge of the Taklimakan Desert, is expected to register a depth which is 620 meters plus longer than the height of Mount Qomolangma.
China’s high-tech zones show strong growth momentum in Q1
The advantageous industrial clusters have further developed and expanded in the national high-tech zones across the country in the first quarter of this year.
Top 9 Chinese cities with most companies in algorithms and computing power
Beijing, Shanghai and Shenzhen are the top three Chinese cities with most companies strong in algorithms and computing power, according to a report by Hurun.
Pakistan’s state-run firms worst in Asia: World Bank
On an annual basis, these entities together swallow more than Rs458 billion in public funds to stay afloat as their combined loans and guarantees surged to almost 10 per cent of…
App to be launched for Malaysians to trace and get back their monies
Sharing his own experience as a victim, the Deputy Finance Minister said there were 14 attempts by fraudsters to grab his unclaimed funds.
Google tops S’pore best employers ranking in light of employees working from home
The tech industry has had a challenging year or so, with mass layoffs and company closures, but Google has stuck to its hybrid work arrangements.