At the international airport next door, a steady stream of passengers passed through security, with a transport worker saying the day before had been even busier. Beijing’s two international airports are expected to handle around 2.3 million people over the holiday, state media reported, with airlines operating larger planes andContinue Reading
BANGKOK: According to the tourism ministry on Tuesday( Sep 19 ), Thailand welcomed 19 million foreign visitors during the January to September 17 period of this year. According to the report, international arrivals brought on 795 billion rmb( US$ 22.26 billion ) in profits. The government’s card discharge for ChineseContinue Reading
In addition to a variety of revenue groups, Zhang claimed that China’s intake trend this year is polarized across sectors because service consumption, such as concerts, tourism, and catering, has outperformed the sale of goods due to worsening economic conditions. Due to the high demand during the summer break, SandalwoodContinue Reading
BEIJING: Last month, at least three significant Chinese cities lifted restrictions on home purchases as the Asian powerhouse slowly retracted a crackdown on the real estate industry in an effort to boost its economy. Two of the most popular cities in the northern province of Liaoning, Dalian and Shenyang, individuallyContinue Reading
” Southeast Asia is expanding extraordinarily.” By 2040, it will be the fourth-largest economy in the world and the next financial superstar, according to Mr. Albanese.
Nevertheless, he claimed that Australia’s trade and investment with the Southeast Asian region have lagged behind the expansion of the blocs’ economy.
” We have a lot more to perform.” We are committed to resolving this and making the most of the options available to our parts.
Two-way trade between Australia and ASEAN was worth more than A$ 178 billion( US$ 113 billion ) last year, while investment totaled about$ 307 billion($ 195 billion ).
Nicholas Moore, the American Special Envoy for Southeast Asia, stated that there needs to be more awareness of potential business prospects between the two areas.
He hopes that the strategy’s recommendations will help American trade keep up with the expansion of ASEAN and increase American foreign direct investments in the area.
” China, Europe, and the United States have been the focus of a lot of( Australia’s ) trade and investment.” On Thursday, the last day of the ASEAN Summit, he told CNA’s Asia Then from Jakarta that there hasn’t been as much attention paid to the East Asian region as there could have been.
Therefore, the main focus of our recommendations is on how to raise awareness of the possibilities in the Southeast Asian region as well as how the place you perceive Australia and the chances we can provide.
Three of the strategy’s 75 recommendations were approved by the American government on the day it was introduced.
Mr. Albanese pledged$ 60 million to support initiatives to strengthen ties with the local union.
They include teams based in Southeast Asia that look for and support opportunities for American investors, a business exchange program to encourage two-way trade, and an exchange initiative for young professionals to establish business ties.
Australia’s unusual and finance ministers will examine the other recommendations and evaluate their progress once a year to make sure the strategy stays on course.
Mr. Moore added that systems must be implemented for easier exposure, such as recognizing skills across the parts, as there are also barriers to people and investment flowing between Australia and Southeast Asia. & nbsp,
According to one of the article’s recommendations, the American government should improve the migration system to make it simpler for East Asian businesses to conduct business there. Mr. Albanese stated that his administration is currently conducting a thorough movement review in relation to the issue of more attainable permits.
The Asian prime minister emphasized the significance of the group to Australia during the ASEAN conference.
” Australia and ASEAN are bound by more than just a coincidence of geographical or the morality of story, so the importance of AsEAN is essential to Australia’s coming.” We all have the same optimism about this area’s options and the potential of our citizens, he said.
” The future of Australia’s economy is with Southeast Asia.”
For a unique mountain honoring the 50th anniversary of ASEAN-Australian speech relations, he invited the bloc’s top officials to travel to Melbourne the following year.
Not everyone is capable of doing the same item. She continued,” We appreciate the government’s efforts on our behalf, but they should also consider how diverse persons are. Her husband, Mr. Mohd Azmi Kamarulzaman, who assists her in running the company, expressed frustration over his inability to obtain the grantsContinue Reading
KUALA LUMPUR: Malaysia announced on Tuesday( Sep 5 ) that it is thinking about regulations that would require the parent companies of Facebook and Google, Alphabet, to pay news organizations for content they source. After meeting with representatives from both companies, the Malaysian Communications and Multimedia Commission( MCMC ) statedContinue Reading
“GROWING DISCONNECT” On Friday, caretaker Prime Minister Anwaar-ul-Haq Kakar said citizens would have to pay inflated bills as there is no “second option”. “When you subsidise, you shift your fiscal obligations to the future. Rather than addressing the issue, you just delay it,” he told reporters in Islamabad. The governmentContinue Reading
TOKYO: Japan’s defence ministry on Thursday (Aug 31) asked for a record 7.7 trillion yen (US$52.67 billion) in spending for the 2024 fiscal year, the latest step of Prime Minister Fumio Kishida’s plan to boost military spending by 43 trillion yen over five years. The plan, announced last year, seeksContinue Reading
The real estate market is one of the key drivers of Thailand’s economy, contributing about 10 per cent to the country’s gross domestic product (GDP).
Mr Phattarachai Taweewong, director of research and communications at Colliers Thailand, told CNA that “this is a wait-and-see moment”.
“Most developers delay their decisions. It is not the right time to launch new projects during the political vacuum. If the company launches a new project, there is a tendency the project will not reach its sales goal,” he explained.
He noted that listed companies and developers in the country had planned to launch numerous new projects in the first half of this year, but the political situation has driven them to adjust their targets.
“We had expected to see new condominiums being launched in the Bangkok Metropolitan area, of almost 45,000 new units. However, after the first half of the year, with the uncertain political situation, only 12,000 units of condominiums were being launched,” said Mr Phattarachai.