Philippines turning into an investment magnet
In a commentary sent to journalists, HSBC said the “bearish view” on the Philippines may be “dated” and perhaps “incommensurate” with what the country has recently…
Economic Affairs
Red tape and religion: Malaysia missing out on hundreds of millions from entertainment tourism
If the missed gigs had taken place, receipts from entertainment tourism would have been up to a minimum of 30 per cent higher than the RM2.4 billion received in 2023.
Low commodity prices drag down Indonesia’s state revenue
Combining tax, excise and duties as well as nontax revenue, state revenue for the year to March 15 was down 5.4 per cent year on year to Rp 493.2 trillion.
Thailand’s medical hub dream shattered by lack of innovation: Pharma leaders
According to leading Thai pharmaceutical companies, a major challenge for the industry is forging a strong domestic medicine manufacturing base on which the country can rely.
Chongqing subway helps local vegetable farmers widen their business
Nicknamed "packbasket special line", the second phase of the subway line, connecting Shichuan town to the city center, has a total length of 32.8 kilometers and 15 stations. It…
Malaysian hawkers forced to scale up prices as costs triple
Hawker Mimi, 58, said that although the cost of raw materials has increased tremendously, she has not had the courage to raise her food prices too much. She said that over the…
China’s Premier Li Qiang promises changes to woo overseas investors
Mr Li’s latest assurance to overseas investors comes as foreign direct investment into China hit a low in 2023, and confidence in doing business declined during the Covid-19…
China’s growth spurs optimism
The Chinese economy has started the year on a positive trajectory, underpinned by effective macroeconomic policies.
‘Bangladesh robbed of $14 billion in 3 years’: PM’s Energy Adviser
The higher prices of crude oil following the Covid-19 pandemic and the beginning of the Russia-Ukraine conflict, meant Bangladesh had to pay more for fuel, which ate up the…
Macroeconomic stability unachievable without another IMF programme: PM Shehbaz
The IMF had said that subject to the approval of its executive board, the staff-level agreement would enable Pakistan to access about $1.1 billion — 828 million special drawing…