China ready to be world’s largest spender on Research and Development
The Research and Development (R&D) expenditure of enterprises reached 2.39 trillion yuan in 2022, up 11 per cent year-on-year, contributing 84 per cent of the country's R&D…
Economy
Pakistan’s state bank keeps policy rate unchanged at 22% ahead of IMF review
The decision to keep the interest rate unchanged by the central bank’s Monetary Policy Committee came after government data showed September consumer inflation hit another high…
Stability over growth
The paper says focusing on stability over growth is the right monetary stance for Indonesia in coping with the persistent global economic uncertainty, geopolitical tensions and…
Chicken subsidy removal: Savings to be used for more socio-economic, welfare initiatives, says ministry
Malaysia's Agriculture and Food Security Ministry said if a sudden price increase occurs due to supply shortages, it is prepared to import chicken from foreign sources to ensure…
Number of working Korean women in 30s surges amid low fertility rate
According to the Korean Statistical Information Service, the employment rate for those in their 30s in September was 79.6 per cent, surpassing that of those in their 40s by 0.8…
Cryptocurrencies in Pakistan: A high-tech replacement for hawala-hundi?
Given the challenges of transferring foreign currency in and out of the country, many are turning towards the ease of cryptocurrencies.
China among Changi Airport’s top 5 markets in 3rd quarter
Changi’s other top markets were Australia, Indonesia, Malaysia and Thailand. Passenger traffic in September 2023 returned to 89 per cent of pre-pandemic levels in 2019, with…
Fresh foreign investment hits record high in 10 months
Up to 2,608 newly foreign-invested projects were licensed in 10 months, marking a 66 per cent surge against the same period last year.
Thai digital wallet scheme will boost GDP with minimal impact on public debt: Study
The study also pointed out that if Thailand’s economic growth stood at around 2 per cent as it has been for the past eight or nine years, the country will not be able to provide…
China to contribute over 30% of global economic growth in 2023
The IFF Global Finance and Development Report 2023 predicts that China's economy will grow 5.2 percent in 2023 and 5 percent in 2024.