ASIA:   China’s consumer prices rose in September at their fastest pace in more than two years as pork prices climbed, the National Bureau of Statistics said last Friday. The consumer price index increased by 2.8% last month from a year ago, matching expectations from a Reuters poll. Much of the gains came from a […]

ASIA:   China has decided the status quo of Taiwan’s situation is no longer acceptable and has begun to ratchet up pressure on the self-governing island, including holding out the possibility of using force, U.S. Secretary of State Antony Blinken said on Wednesday. Speaking at an event organized by Bloomberg, Blinken said China had altered […]

ASIA: Web3 boom is expected to add USD 1.1 trillion to the Indian economy over the next decade, supporting the investment-based momentum driven by over 450 in-house startups. A recent study from the National Association of Software and Service Companies (NASSCOM), an Indian non-governmental trade association and advocacy group, highlighted India’s position as a leading […]

ASIA: China’s central bank digital currency (CBDC) project has reached the mark of close to USD 14 billion in transactions during its pilot phase. This makes the digital yuan, the most wildly adopted CBDC in the world. With its first CBDC trials launched in April 2020, China’s central bank has been aiming to eventually replace […]

ASIA: Singapore’s economy grew at a slower pace of 4.4 percent, but exceeded expectations, in the third quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI) last Friday. On a quarter-on-quarter seasonally adjusted basis, Singapore’s gross domestic product (GDP) expanded by 1.5 percent after contracting 0.2 percent in […]

ASIA:   Australia and Singapore agreed on Tuesday on a “green economy” deal to boost cooperation on climate investment, financing and technology. Singapore Prime Minister Lee Hsien Loong told a news conference in Canberra that the agreement would start with initiatives such as developing a list of environmental goods and services that could be given […]

ASIA:   A wholly owned subsidiary of the Agricultural Bank of China (ABC) has been approved to set up a wealth management joint venture (JV) with BNP Paribas Asset Management, ABC said on Wednesday in an online statement. The move indicates that the potential of the Chinese wealth management sector is being further explored, with […]

ASIA:   The Bank of Japan is considering revising its inflation outlook upward for the current fiscal year to next March, factoring in a bigger-than-expected impact from the yen’s sharp drop and higher commodity prices, Reuters reported. The central bank is widely expected to maintain its ultralow rate policy as the pace of economic recovery […]

ASIA: India’s retail inflation is set to ease from September levels, while economic activity is poised to expand, the Reserve Bank of India said in its monthly bulletin published on Monday. India’s retail inflation accelerated in September to a five-month high of 7.41% from a year earlier as food prices surged. RBI said the persistence […]

ASIA:   China’s securities regulator said on Friday it plans to revise rules to make it easier for listed companies to buy back shares in a bid to bolster corporate value and protect investor interest. The China Securities Regulatory Commission (CSRC) published the draft rules as China’s benchmark CSI300 Index has lost more than 20% […]