Tag Archives: Asia

84PC of firms in Japan see economic growth in 2022 About 84 percent of major companies in Japan expect the country’s economy to grow in 2022, driven by recovering personal consumption amid hopes that the coronavirus pandemic will subside, a Kyodo News survey showed Sunday. In the survey of 106 …

There are 35 nuclear reactors currently under construction in Asia. China, Japan and India are driving the dash for nuclear energy in Asia. Across Asia there are proposals for another 220 nuclear power plants. Germany and Italy are phasing out nuclear power stations. Across Europe there are 15 nuclear reactors …

Inflation is rising in a number of advanced and emerging economies. Relative to other regions, Asia has managed to keep levels relatively low. However, the persistent impact of high shipping costs could change this. New analysis shows how increases in shipping rates have a persistent impact on consumer prices. As …

World Bank, HSBC positive about Vietnam’s economy Vietnam’s economy should get back to a gross domestic product (GDP) growth of 6.8 percent next year, driven by a return of strong foreign direct investment (FDI), primarily in manufacturing, according to Tim Evans, chief executive officer (CEO) of HSBC Vietnam. The country’s …

China’s indebted property sector China’s economy has become heavily dependent on property development over the last decade. High-rise apartments have mushroomed across hundreds of cities to house a growing white-collar workforce, while glass and steel office blocks are dominating city centres, mimicking Shanghai’s glittering skyline. Valued at more than $50tn …

Bangladesh, Kenya explore cooperation in blue economy Foreign Minister Dr AK Abdul Momen has proposed that both Bangladesh and Kenya can establish cooperation in the blue economy. Both sides agreed to establish cooperation in tourism, IT and agriculture sectors in addition to developing the existing trade and commerce. Chief Administrative …

China’s structural overhaul to usher in era of solid economic growth The US economy slowed sharply in the third quarter, growing at an annualized rate of 2 percent, lower than China’s 4.9 percent growth for the corresponding period. For the whole year, the gap between the world’s two largest economies …

Monetary policy to stay supportive Thailand’s central bank said yesterday there was high uncertainty facing the economy and monetary policy would remain accommodative to support a recovery from the country’s most prolonged outbreak of the coronavirus. The Bank of Thailand (BoT) has forecast economic growth of 0.7 percent this year, …

Kuroda: Japan’s labour practices keep wage pressures under control Japanese firms have no pressing need to raise wages because they retained jobs during last year’s pandemic-induced economic slump, and thus do not need to fill job vacancies as quickly as U.S. companies, Bank of Japan Governor Haruhiko Kuroda said. The …

Bank Indonesia holds rates Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country’s worst coronavirus wave. Bank Indonesia held the seven-day reverse repurchase rate at 3.5 percent on Tuesday, as expected by all 31 …

Solar needs to dethrone coal to meet Indonesia goals Solar power holds the key to meeting renewable energy targets for Indonesia, but the fast-growing Southeast Asian economy needs significant reforms to steer it away from an over-reliance on coal, according to a report. The sprawling archipelago is targeting for renewables …

Malaysia’s economy grows 16.1pc in Q2 The Malaysian economy grew 16.1 percent year on year in the second quarter of 2021, due to the low base from the significant decline in activity during the second quarter in the previous year when movement restriction was first imposed in the country, the …