The potential for cross-border trade between India and its neighboring countries — Bangladesh, Bhutan, Nepal, Myanmar, Pakistan, Afghanistan and China — has not been fully realized. India’s formal cross-border trade with these countries was about US$2.48 billion in 2021 despite the $115 billion trade potential. Only nine of India’s 17 border states are actively engaged in cross-border trade. This […]Continue Reading
SINGAPORE: The Monetary Authority of Singapore (MAS) has not instructed banks to “keep quiet” about the origins of wealth inflows into Singapore, the Private Banking Industry Group (PBIG) said on Friday (Apr 14). The industry group’s statement was issued following a Financial Times article that said MAS had issued aContinue Reading
SINGAPORE – Singapore’s central bank defied expectations that it would tighten monetary policy for a sixth time since October 2021, announcing on Friday (April 14) that it would keep its policy settings unchanged despite stubborn price pressures at a 14-year-high and amid advance estimates that first-quarter economic growth fell well short of expectations. The bellwether […]Continue Reading
Chinese netizens were offended by a picture featuring an Asian model pulling the corner of her eye.Continue Reading
Since the start of the Russo-Ukrainian conflict in February 2022, the European Union has ratified 10 sanctions packages designed to undermine Russia’s capacity to wage war in Ukraine. Now, kitchen appliances are in the EU’s crosshairs. British newspaper The Telegraph, claiming to have seen a confidential EU report, says Brussels is considering imposing trade restrictions “on […]Continue Reading
The arrival of Ukraine’s deputy foreign minister in New Delhi this week is, depending on whom you ask, either the routine meeting of a government official (according to the Indian side) or a chance to send a strong message to Russia’s president (according to the Ukrainian side). In fact it is neither. For the first […]Continue Reading
OTHER POTENTIAL TECH PARTNERS Who are the other potential players in the frame? The Finance Ministry official said that the lobby for China’s Huawei and other players, such as ZTE Corporation, which specialises in so-called cloud technologies that are vital to the 5G ecosystem, has been intensifying in the pastContinue Reading
Apple is set to open its first two India stores – but will they help its fortunes in an Android-heavy market?Continue Reading
On March 21, India’s air force confirmed that a major Russian arms delivery would not occur, citing Russia’s logistical challenges stemming from its war in Ukraine. This has served as the latest example of Russia’s inability to complete weapons deals with India since the conflict began in February 2022. India is the world’s largest arms importer, and as the […]Continue Reading
Starting in 2018, Hong Kong-based NWD has taken several globally pioneering steps to lead the way when it comes to sustainable finance and development in Asia.Continue Reading