China’s tourism industry hits record highs over Spring Festival holiday
The ministry said on Sunday that the domestic tourism market saw 474 million trips during the holiday, up 34.3 percent year-on-year. The number marked a 19 percent increase…
Economic Affairs
Tax evasion by the rich is setting Bangladesh back as a nation
The paper says that government has, for a long time, failed to increase its tax revenue that, added with the ongoing economic crisis, has eroded its fiscal space.
Indonesia to import rice from Thailand to fight shortages, rising prices
Buyers have been complaining this year about the scarcity of rice at both traditional and modern markets and the accompanying higher prices.
Indonesia expects to see foreign inflows following Prabowo’s one-round win
The Indonesia Stock Market Composite index reacted to the news positively, rising to 7,303 at closing time on Thursday, 1.3 percent higher than Tuesday’s close.
China’s central bank adds liquidity via reverse repos, MLF
The People's Bank of China injected 500 billion yuan ($70.39 billion) into the market through one-year MLF with an interest rate of 2.5 percent.
Indonesian coal to see export slump, possible output cuts: Experts
The government has set the 2024 production target at 710 million tonnes, 8 percent lower compared to last year when production hit a record high of 775 million tonnes in 2023,…
US commercial property crisis looms over Korea
The total amount of overseas commercial real estate exposures (risks inherent in investments) by the five major Korean financial companies has reached 20.39 trillion won so far.
Slashing pensions a brave move but Malaysia government risks ‘political suicide’, say analysts
Pension payments for more than 900,000 retired civil servants are expected to cost the government over RM32 billion (US$6.7 billion) in 2024, accounting for more than 10 per cent…
PM Srettha ready to listen to all opinions on digital wallet scheme
PM Srettha, who doubles as the finance minister, said the move was in response to suggestions from the National Anti-Corruption Commission and the Council of State, which is the…
Singapore key exports rise 16.8% in January; fuels optimism for recovery, albeit a choppy one
The expansion in January came after a 1.5 per cent drop in December, and exceeded the 4.3 per cent growth forecast by economists polled by Bloomberg.