Around a quarter of India’s micro, small and medium-sized enterprises (MSMEs) say a lack of skilled labour is one of their major challenges, according to a new survey by the Small Industries Development Bank Of India (SIDBE) It found that these shortages are particularly acute in sectors including defence equipment, ready-made garments, hotels and sanitaryware. […]
China’s focus on developing the digital economy and bolstering the application of artificial intelligence will drive industrial transformation and inject fresh impetus into the country’s tech development, according to officials, experts and business leaders. Liu Liehong, head of the National Data Administration (NDA), said the country’s digital economy has gained strong momentum, with the added […]
Artificial intelligence (AI) is set to significantly reshape Malaysia’s economic landscape, presenting not only challenges but also ground-breaking opportunities for growth, job creation, and innovation. That’s the view of Georg Chmiel, co-founder and chair of Juwai-IQI, executive chairman of Chmiel Global Advisory, and board member of World Digital Chamber, who cited recent studies as saying […]
India offers strong growth and stability for investors looking for long-term value, Reserve Bank of India (RBI) Governor Sanjay Malhotra has said. He said the country continues to be an economy supported by stability, pointing to monetary, financial and political policies; a flexible and supportive business environment; and strong macroeconomic fundamentals. The Governor said: “At […]
A new academy designed to widen the breadth and scope of education around AI has been launched by the Dubai AI Campus. The Dubai AI Academy was unveiled at the Dubai AI Retreat, held as part of the inaugural Dubai AI Week, at the Museum of the Future, where over 150 government leaders and global […]
India’s quest for sustained growth over the next two decades will be driven by bold reforms, an enhanced domestic economy and institutional collaborations designed to tackle a fast-changing world, Finance Minister Nirmala Sitharaman has said. She said the last two Budgets have laid the groundwork for this transformation, with a clear multi-sectoral policy agenda, she […]
China has introduced a new policy that enables foreign visitors to claim departure tax refunds for purchases as low as 200 yuan ($27) per day at the same store, significantly reducing the previous threshold of 500 yuan. This is part of the country’s latest move to optimize the departure tax refund policy for foreign visitors. […]
The International Monetary Fund (IMF) has cut its FY26 growth forecast for India by 30 basis points to 6.2%, citing escalating trade tensions and global uncertainty in its latest World Economic Outlook (WEO). “For India, the growth outlook is relatively more stable at 6.2% in 2025 (2025–26), supported by private consumption, particularly in rural areas, […]
As global unilateralism and protectionism ramps up, China will accelerate the expansion of the service sector’s opening-up, the Ministry of Commerce has said. The ministry has issued a guideline for accelerating the implementation of a comprehensive pilot program to expand the opening-up of the service sector. Previously, a pilot programme had been carried out in […]
New legislation to empower local cooperatives is currently being drafted by Malaysia’s Entrepreneur Development and Cooperatives Ministry, the government has confirmed. The new Act will replace the Cooperative Societies Act 1993. Minister Ewon Benedick said the Cabinet paper on the matter was presented to the Cabinet and it was agreed in principle earlier this year. […]
