Renminbi’s global use set to expand
Experts said the rising global profile of the renminbi can contribute to the world's shift to a multipolar currency system that is less dependent on the greenback.
Finance
Hong Kong ranked fourth among global financial centres
Despite the fall in the latest ranking, the city increased its score from the previous ranking by 10 points to 725 points, just one point lower than Singapore.
Shenzhen aims to be fintech hub
A draft plan from the government stated Shenzhen will build five industrial parks and office clusters oriented toward fintech development.
South Korea to spend 200 billion won for R&D digitalisation
The government will use the financial support for projects that integrate artificial intelligence and big data into developing diagnosis of diseases like dementia.
South Korea to invest 67 trillion won to spur provincial economy
To bolster its responsiveness to fears of oncoming recession and other geopolitical risks, the nation said it has decided to speed up its spending scheme.
5 things to watch out for when dabbling in cryptocurrency investments
Amid talk of a crypto winter, cryptocurrency exchanges from Bybit to Crypto.com have announced significant workforce reductions of up to 20 per cent.
Low labour costs, strong investor interest drawing S’pore start-ups into Vietnam
Vietnamese sectors that venture capital firms are looking at include health technology, food processing and blockchain, according to industry experts.
Japan’s financial firms finding new value in digital domain
Driving some of these moves are the growing concerns that a lack of IT talent could be a barrier to the nation’s economic growth.
Japan’s budget requests exceed ¥110 trillion, hitting 2nd-highest
The total is likely to swell further during the budget compilation process toward the year-end as agencies have requested spending on items without specifying how much they need.
Bongbong Marcos reaps $14.36 billion in investment pledges abroad
These, he said, were in sectors of renewable energy, data centres, e-commerce, broadband technology, startups, government housing, and agriculture.