China’s commitment to opening up its economy will encourage new industrialisation, green growth and digital transformation, according to executives of leading multinational corporations. Speaking at the China Development Forum 2025, held recently in Beijing, company bosses said that as China shifts toward innovation-driven and green growth, foreign companies are committed to working with local partners, […]
A leading ratings agency has cut India’s GDP growth projections to 6.5% for the next financial year, predicting that economies in Asia will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P Global Ratings said that despite these external strains, it expects domestic demand to […]
While many Malaysian workers are looking for pay rises, the organisations they work for are focusing on compensation planning to retain talent in a competitive job market – that is, aligning employee incentives with their business objectives. That might mean creating incentives for employees to work longer hours, achieve aspirational goals or simply keep working […]
China is expected to achieve its annual growth target of around 5% this year, offering more business opportunities for both domestic and foreign companies through its intensified efforts to spur innovation and further boost consumption and investment. That was the collective view of economists and business leaders at the recent ‘CEO: Grow with China’ roundtable […]
India would need to grow its economy by 7.8% on average over the next 22 years to achieve the country’s aspirations of reaching high-income status by 2047, according to a recent report from the World Bank. The report – entitled ‘India-Country Economic Memorandum: Becoming a High-Income Economy in a Generation’ – said that while achieving […]
Dubai has been ranked the world’s top destination for greenfield Foreign Direct Investment (FDI) projects for the fourth successive year, according to the Financial Times ‘fDi Markets’ data. Greenfield FDI is a form of FDI where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground […]
Indian banks must continue to enhance operational efficiency to enhance customer services in a highly-competitive business environment, Union finance minister Nirmala Sitharaman has said. Sitharaman was speaking at the launch of the Platinum Jubilee Celebrations for the Foundation Day of the State Bank of India (SBI) in Mumbai. “With a surge in tech-savvy customers, there […]
The deep integration of artificial intelligence (AI) into the manufacturing sector in China and across the globe has become a key driving force for high-quality development, according to a leading government figure. Zhang Fan, a deputy to the National People’s Congress, highlighted the rapid evolution of AI technologies — including large language models, generative AI […]
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 […]
