High operating costs were the major cause of concern for business owners in the second half of 2024, according to a survey conducted by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM). Also impacting their business performance were cash flow problems (50% of respondents), increase in prices of raw materials (41.3%) and […]
India needs to ramp up its bilateral relations for trade and investment, India’s Finance Minister Nirmala Sitharaman has said, adding that the government “is making all efforts to make India an engine of global growth” in a fast-changing world. She said: “Bilateralism is now taking the top of the agenda… It is for us to […]
China’s government has set a GDP growth target at ‘around 5%’ this year, the same as last year’s, with stimulating domestic demand by introducing more supportive policies a priority, according to the recently released Government Work Report released. Premier Li Qiang, who delivered the report at the opening of the third session of the 14th […]
More than 65% of organisations in the Middle East, including the UAE, plan to increase investment in AI in the coming year despite the talent and technology challenges they face, according to a new report. Published by Deloitte, in collaboration with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the report revealed the immense opportunities […]
UK government ministers travelled to India at the end of February to re-start negotiations on securing a trade deal between the two nations. India is forecast to have the highest growth rate in the G20 for the next five years and set to become the world’s third biggest economy by 2028. “Securing a trade deal […]
China’s state-owned enterprises (SOEs) will actively support emerging industries and accelerate the modernisation of traditional ones to drive economic growth in 2025, the country’s top State-owned assets regulator has said. Yuan Ye, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), said the government will encourage central SOEs to drive […]
Malaysia’s GDP growth, which reached 5.1% in 2024, has provided direct benefits for the wider population including higher wages, higher quality job opportunities and better social assistance, as well as growth in business and trade, a government minister has said. Head of the finance ministry Amir Hamzah Azizan told the lower house of Malaysia’s Parliament […]
Salaried workers across India spend more than 33% of their monthly income on paying loan EMIs, underlining the growing burden of credit-driven consumption, according to a new survey. EMIs are equated monthly instalments, a fixed payment amount made by a borrower to a lender at a specified date each calendar month. B2B SaaS fintech company […]
Beijing plans to encourage domestic consumers to increase their spending by eliminating scams, price gouging and the sales of shoddy goods. The Chinese government has published an action plan for boosting consumption that focuses on eliminating fraud and other issues that discourage consumers from spending, as it aims to shore up economic growth amid an […]
The Indian economy is seeing ‘a speedy rebound’ on account of strong economic foundation, and that the country will continue to remain the fastest growing economy in the world, India’s Finance Minister Nirmala Sitharaman has said. Speaking in the general discussion on the recent Union Budget, Sitharaman said the Budget has come at a time […]
