Economy

China to Focus on Building an Open Global Economy for Other Countries
China will focus on promoting new economic development by sharing market opportunities with other countries, and expanding imports of high-quality products and services. China’s deputy

Shenzhen plan to be a global live-streaming e-commerce hub by 2025
China’s southern tech hub, Shenzhen, has unveiled a plan to become a live-streaming e-commerce hub “with global influence.” In an effort to boost consumption, Shenzhen

BI to Sign Local Currency Settlement with South Korea and India
Bank Indonesia (BI) announced that they are finalizing a cooperation agreement on the use of local currency transactions or Local Currency Settlement (LCS), including cross-border

UBS to Acquire Credit Suisse for USD 3.25 Billion
UBS is set to acquire troubled Credit Suisse for USD 3.25 billion. The plan will proceed after crisis talks on Sunday 19 March 2023 aimed

Indonesia Government Shows Support for Beginner MSME through Super Micro KUR
As a form of support for MSMEs, the government provides People’s Business Credit (KUR). The KUR is given to productive MSMEs that are feasible but

Bank Indonesia Amass IDR 2,6 Billion From Export Foreign Exchange
Bank Indonesia has managed to accumulate a total of USD 173 million or approximately IDR 2,6 billion from the foreign export exchange. Denny Prakoso as

Popularity of Fractional Investment Among South Korean Youngters
Brave Girl’s “Rollin” video went viral around early 2021, Kim Seong-min, one of the young men in South Korea who did fractional investments saw an

Silicon Valley Bank Falls And Its Rippling Effect to Startups Industries
Silicon Valley Bank (SVB), the 16th largest bank in the United States, reportedly collapsed on Friday, 10 March 2023. The fall of the bank happened

India’s Industrial Production Growth Rate Increased to 5.2%
India’s industrial output increased for the third consecutive month in January, and at a faster-than-expected rate, according to data from the statistics ministry released Friday.

China Averts Economic Risks by Deepening The Financial System and Opening Up More Foreign Investment
China will deepen the financial system and improve their regulatory regime to avoid the economic risks, and opening up more to foreign investment, said Premier

Indonesia Stock Market Recovering as Pandemic-Era Restrictions are Over
Indonesia’s financial services authority known as OJK (Otoritas Jasa Keuangan) will finally ease some pandemic-era rules for the stock market including trading and short selling

How Hong Kong Able To Rise Against Crises in 2023
Hong Kong, after several crises in the past decades, is predicted to be able to recover in the economic aspect. As good as it seems,