The Bhutanese government’s chief executive said the Himalayan country is looking into ways to mine and use natural cryptocurrencies to improve its economy and create jobs to decrease brain drain. Instead of using fossil fuels, natural cryptocurrencies are digital currencies mined using renewable energy sources like wind, liquid, or renewable.Continue Reading
Governor Eli Remolona told Bloomberg TV on Friday ( Apr 11 ) that the Philippine central bank is adopting a cautious approach to policy easing this year to prevent overheating the economy and reigniting inflation, which has been on a downward trend. The Bangko Sentral ng Pilipinas cut its benchmarkContinue Reading
Southeast Asian nations are urging the US to talk with them about trade tariffs and won’t impose retaliatory measures, according to regional bloc ASEAN’s economic ministers on Thursday ( Apr 10 ).  , Six of nine Southeast Asian nations targeted by the US leadership were slapped with little bigger-than-expected tariffsContinue Reading
According to the Economist Intelligence Unit, India’s use of crude oil is projected to increase to 372 million tonnes of oil parallel in 2033, a 40 % increase over that of 2023.  ,
This may make the nation the largest contributor to the development of global oil demand over the next ten years.  ,
However, the Indian government does not believe that its fuel interests conflict with its transition to clean energy.  ,
According to experts, renewable energy is still only being used in certain sectors of the economy, such as transportation. Additionally, it is unable to address the nation’s growing energy demand in the near-to-medium name.
According to InSolare Energy’s Bhatt,” It’s a long-term answer.”  ,
” We may claim tomorrow that we will stop importing oil and gas. That is a possibility, he continued.  ,
” It will eventually occur. In truth, India wants to have its population at or near zero by 2070, which is about 50 years away.
India’s full renewable energy capacity increased by 16 % to roughly 210 gigawatts by the end of last year.
However, researchers also believe there is still a long way to go in the government’s goal of 500 kwh by 2030.  ,
A nearby white warrior hopes to compensate in 15 years from the bank at the center of Vietnam’s biggest financial fraud, according to documents obtained by Reuters. The lender has received a central bank loan equivalent to 5 % of the country’s 2024 economic productivity. The almost US$ 26 billionContinue Reading
But some experts believe that was rapidly change, with many more people to be added to India’s client base over the coming century.
” If we look at discretionary spending in India, of course it’s been smaller, it’s been low, because the per capita income in India has still not been a very large quantity”, said Naveen Kulkarni, chief investment officer at stock trader Axis Securities.  ,
” But the government is doing a lot of things- manufacturing, which will create more jobs, taxation structures ( and ) direct benefit transfers, which will help wealth distribution”, he added.
” In the next few decades, we’ll see more people getting added to the unilateral use pizza, and more good we’ll see a pretty strong growth in voluntary use over the next generation”.
The country’s annual gross domestic product ( GDP ) is expected to grow by 6.5 per cent in the current financial year, according to official projections.
The state is even making efforts to help push the economy forward.
In February, India’s Finance Minister Nirmala Sitharaman announced big tax cuts for the middle school in its national budget worthwhile$ 11.5 billion.  ,
People with annual earnings up to 1.2 million pounds may properly be exempt from paying income taxes from April, she said, raising the cap from 700, 000 pounds.  ,
These tax cuts does affect about 10 million people in Asia’s third largest market, according to Bloomberg.
JAKARTA:  , Indonesia approved local certificates for more than a dozen Apple products on Friday ( Mar 7 ), the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia’s biggest economy. Apple struck a deal with Indonesia lastContinue Reading
Asian markets recovered some of their initial losses in tumultuous trading on Tuesday ( Mar 4 ) after China announced new tariffs on US imports in retaliation for President Donald Trump’s most recent levies. In response to Trump’s tariffs, China announced that it would impose taxes of 10 and 15Continue Reading
After US President Donald Trump warned levies on Mexico and Canada could not be avoided and imposed tariffs on Chinese imports, Asian markets fell on Tuesday ( Mar 4 ) in Asia. The biggest declines occurred in Japan’s Nikkei and Hong Kong’s Hang Seng, dropping more than 2 % andContinue Reading
After discussions with the government, a senior executive from TikTok announced on Friday ( Feb 28 ) that the company plans to invest US$ 8.8 billion in Thailand over the next five years, focusing on digital infrastructure, workforce development, and online safety initiatives. ByteDance, China’s social media company, is theContinue Reading