ADB lowers Indonesia’s growth forecast for 2023, 2024
Indonesia, that relies on commodity exports, benefited from high prices in 2022 as economies reopened following the Covid-19 pandemic.
Economy
Beijing, Seoul and Tokyo should boost global development
"The four crises", according to the author, have had a huge impact on economic globalisation and says we are walking towards "non-globalisation".
Singapore is top Asian city in Smart City Index, ranks 7th worldwide
The smartest cities in the world in 2023 are Zurich in the No. 1 spot, followed by Oslo and Canberra, according to the index which takes into account input from the cities’…
Philippines and China to meet in May for joint oil, gas search ‘preparatory talks’
Delegates from Manila and Beijing are set to convene to discuss the contentious agreement involving maritime territories within the Philippines’ 370-kilometer exclusive…
Bangladesh PM asks authorities to include women’s unpaid work in GDP
Women do domestic chores all their life but their work has remained unreported for a long time, the premier said.
Korea aims to become 7th nation to host Olympics, World Cup, World Expo
If South Korea succeeds, it would follow France, the US, Canada, Germany, Italy and Japan that have hosted all three international events.
Busan could generate W60tr as host of 2030 World Expo
It would induce production worth 43 trillion won while generating 18 trillion won in added value; over 500,000 jobs are expected to be created.
IMF: RMB ranks fifth among world forex reserve currencies
The renminbi followed the US dollar, the euro, the Japanese yen and the British pound, with the dollar's share in allocated reserves at 58.36 percent.
Foreign tourists flock back to Myeong-dong
The number of Japanese travelers to the area has increased recently but the slow return of Chinese tourists keeps full recovery at bay.
Chinese currency dethrones euro in Brazil
The proportion of the renminbi in Brazil's international exchange reserves had reached 5.37 percent by the end of 2022.