TECH CAN HELP FARMERS FACING SOARING TEMPERATURES To combat the rice shortfall, Indonesian President Joko Widodo last year drafted in the military to help with planting and subsidised fertiliser distribution. Acknowledging the pressures from rising rice prices to consumers and the more than 15 million households that grow food, theContinue Reading
HONG KONG: Country Garden, China’s largest private property developer, delayed the publication of its 2023 financial results on Thursday ( Mar 28 ) saying it needed to collect more information to make appropriate accounting estimates and judgements. The working environment the party is dealing with is becoming more and moreContinue Reading
The Industrial and Commercial Bank of China ( ICBC ) announced on Thursday ( Mar 28 ) that it would support efforts being made to stabilize the second-largest economy of the world. The comments were made by Wang Jingwu, a vice president at the nation’s largest lender, at a pressContinue Reading
WHAT HAPPENS FIRST? When Chinese authorities repeatedly state that they are” stand ready to act quickly” against speculative actions, it is a sign that intervention is on the way. Trading partners see price checking by the BOJ as a potential precursor to intervention, as evidenced by calls from central bankContinue Reading
despite modest improvements in the country’s economy and a more lenient attitude of regulators toward the tech sector, Chinese internet giant Tencent on Wednesday ( Mar 20 ) posted its lowest annual profit since 2019. Tencent’s total net profit for 2023 stood at 115.2 billion yuan ( US$ 16.0 billionContinue Reading
Malaysia’s central bank called for an acceleration of structural reforms on Wednesday ( Mar 20 ), with the country’s economy expected to benefit from a rebound in exports and robust domestic spending this year. In documents released along with its annual review, Bank Negara Malaysia claimed that favorable economic conditions,Continue Reading
China: China’s stock output increased between January and February, beating expectations, making it a strong start for 2024 and providing some temporary relief to policymakers looking to resurrect stagnant economic growth. In the first two months of the year, industrial output increased by 7.0 percent, according to data released byContinue Reading
TOKYO: Japan’s biggest firms agreed to raise pay by 5.28 per cent for 2024, the heftiest pay excursions in 33 years, the country’s largest union group said on Friday ( Mar 15 ), reinforcing opinions that the state’s central banks will soon shift away from a century- long stimulus programme.Continue Reading
COLOGNE: Europe’s heat safety regulation will take whatever time is needed to review China’s C919 passenger aircraft, its top official told Reuters, dampening Beijing’s hopes of rapidly breaking into a market marked by jet shortages and a Boeing safety crisis. China is putting more regulatory pressure on American governments toContinue Reading
Tokyo: It surprised left officials who have long been associated with the criticism when Fumio Kishida hand-picked unionist-turned-opposition senator Wakako Yata as one of his particular experts next year. But, Yata’s session as the company’s head of labor and income highlighted growing cooperation between the government and organisations as policymakersContinue Reading