China invests 21.5 trillion yuan in major projects
The release of these projects with huge investment indicates that local governments regard them as the "driver" and "stabiliser" of economic development.
Economy
Minimal impact on crude palm oil prices after Indonesia tightens exports: Analyst
The move is meant to ensure sufficient and affordable domestic cooking oil supply ahead of Ramadan and Idul Fitri.
India’s retail inflation again breaches RBI’s comfort zone
Since May last year, the RBI has increased the short-term lending rate by 250 basis points, including the latest 25 bps hike, to tame inflation.
Valentine chocolates ¥25 dearer as imports push up prices
Soaring costs for ingredients, such as cacao beans, sugar and milk, are driving the hike, with some brands raising prices by about ¥100.
Singapore keeps 2023 growth forecast as 2022 GDP comes in lower than estimated
While the faster-than-expected relaxation of China’s border restrictions is likely to help aviation- and tourism-related sectors, a broader slowdown in the global economy will…
Low coffee prices dog Vietnam’s coffee exporters
The situation could turn around in the first quarter as global coffee consumption is expected to pick up on the back of falling inflation worldwide, leading to the recovery of…
Markets have good reasons to be more upbeat: IMF chief
Positive factors included China's reopening, resilient US and EU labour markets and inflation finally trimming down.
Inflation signals demand, recovery strong in China
The acceleration is attributed to factors such as the Chinese New Year holiday effect and the optimisation of Covid-19 control measures.
Economy tops Southeast Asians’ concerns: ISEAS Survey
In place of the pandemic, economic concerns became the top concern, as 59.5 percent of respondents said they feared unemployment and an economic recession out of the pandemic.
Bangladeshis paying 7 times more for internet: Report
Bangladesh has an index of 0.0105, which is almost 86 per cent lower than the global average, and only 24% of the world overpaying more than Bangladesh.