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SINGAPORE: Companies here have long been encouraged to expand into Asia’s fast-growing market, but they are now being urged to take advantage of the immense opportunities opening up in Africa.
KUALA LUMPUR: Sedania Innovator Bhd’s 51%-owned unit, Offspring Inc Sdn Bhd, has expanded its footprint into five new countries, namely, Belarus, Armenia, Kazakhstan, Kyrgyzstan and Moldova, following the launch of Offspring’s web store in Russia.
JAKARTA: Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in Covid-19 infections.
KUALA LUMPUR: The Asian Development Bank (ADB) has revised downwards the growth forecast for Malaysia to 5.5% for 2021 from its April projection of a 6% growth due to the fallout from restrictions imposed to curb the spread of the Covid-19 pandemic.
SOUTHEAST Asia is emerging as a battlefield for one of the world’s worst Covid-19 outbreaks, due to the fast-spreading delta variant and the slow rollout of vaccines.
JAKARTA: Indonesia's Bank Jago aims to crunch transaction data supplied by local technology giants to create customer profiles and market financial products, as the digital lender targets profitability this year, its chief executive told Reuters.
LONDON: The financial hit of the Covid-19 pandemic has slowed efforts by central banks in a range of countries to unify parallel exchange rates, leaving states such as Lebanon and Iran with currency black markets that cause more economic damage, a study found.
HAINAN: The Asian economy is projected to sustain recovery, and its annual growth rate may exceed 6.5% this year, as integration in regional trade strengthens, according to a key report.
LONDON: China has made significant progress building a gas distribution network to supply residents in major urban centres, helping provide cleaner and more convenient energy for heating and cooking while reducing air pollution.