UN predicts China to drive East Asia’s economic recovery
According to the report, the Chinese economy is expected to accelerate as the government recently optimized its prevention measures and eased monetary and fiscal policies.
Economy
China holds the crown as gold producer and consumer
In 2022, it was estimated that China accounted for 10 percent of the world's total gold production and it has been the world's largest gold producer since 2007.
South Korea logs highest monthly trade deficit amid sluggish chip demand
While outbound shipments fell 16.6 percent on-year to $46.27 billion in January - the largest drop in three years - imports slipped 2.6 percent on-year to $58.96 billion.
The rocky road to raising low-end pay scales
The roll-out of the Progressive Wage Model spells great promise, but also challenges.
Why Indian billionaires may not be good news for Modi
A growing income inequality could be a problem as battle lines are formed ahead of the next election.
Adani loses Asia’s richest crown as stock rout deepens to $86 billion
The losses mark a dramatic setback for Adani, the school-dropout-turned-billionaire whose fortunes rose rapidly in recent years in line with stock values of his businesses.
India raises Nepal grant by 29 percent to Rs 8.8 billion
The grant pledged to Nepal is the second highest among the South Asian countries, after Bhutan.
Ending Pakistan’s recurring electricity crises — a seven-point action plan
The energy minister tried to downplay the blackout, saying it was not a major crisis, but it was possibly the worst crisis to hit the grid in the nation’s history.
Bangladesh electricity price hike “an anti-people decision”: Gano forum
The government on Jan 31 increased the electricity price by 5 per cent at the retail level, the second hike in 19 days.
Inflation softens to 5.28%, further alleviates pressure on Bank of Indonesia
Inflation in January was driven particularly by higher prices for food, beverages and tobacco, with Statistics Indonesia registering an annual increase of 5.82 per cent for that…