[ad_1] The International Monetary Fund boosted its growth forecast for Asia this year, reflecting a rosier outlook for the region’s two largest economies and flagging a possible upward revision in its outlook for China.Asia is set to expand 4.5% in 2024 from the prior year, 0.3 percentage points higher than the October regional outlook but…
[ad_1] India’s diesel exports hit by China, South Korea! India’s diesel exports to Asia saw a significant decline of 63% in March compared to the previous month. This drop was because of tough competition from Chinese and South Korean suppliers, which affected profit margins. Indian refiners shipped 61,000 barrels per day (bpd) of diesel to…
[ad_1] Seoul — South Korea’s overall birth rate hit a record low of 0.72 in 2023, and with that figure projected to fall even further in 2024, some Korean businesses have started offering remarkably generous incentives to convince their workers to become parents. “The declining fertility rate leads to a decline in the workforce and purchasing…
[ad_1] NEW DELHI: Private equity-backed mergers and acquisitions in Asia have started the year on a low note, experiencing the worst beginning in almost ten years. Data indicates a decline in dealmaking in China and uncertainties in the economic and geopolitical landscape, affecting overall sentiment. According to preliminary data from LSEG, PE-backed M&A in Asia…
[ad_1] Islamabad, Pakistan: Pakistan’s air raids inside Afghanistan on Monday amid rising tensions between the neighbours have injected new uncertainty into ties, say analysts. The early morning attacks on Monday from Pakistan, according to a detailed statement by the Pakistani foreign ministry, were aimed at hideouts of armed groups including the outlawed Tehreek-e-Taliban Pakistan (Pakistan…
[ad_1] “The preparation for the military struggle at sea, the defence of maritime rights and interests and the development of the maritime economy must be integrated,” he said. While not referring directly to the United States, the comments suggested that Xi sees the main potential battlefield Beijing and Washington will be on the water, especially…
[ad_1] MUMBAI: Marking the launch of the US$1 million partnership between digital travel platform Agoda and World Wide Fund for Nature (WWF), the former compiled a list of some of Asia‘s favourite nature destinations based on online searches made in January 2024.Among the top nature destinations across Asia are Ooty in India, Lombok in Indonesia,…
[ad_1] “The problem in the Red Sea is escalating. A quick solution is not forthcoming, despite America’s intervention to stop Houthi attacks. People are in a wait-and-watch mode and are only exporting limited quantities,” said Vijay Setia, former president of the All India Rice Exporters’ Association. The Middle East is an important market for India’s…
[ad_1] SEOUL: South Korea‘s exports rose for a fourth month in January, as a rebound in sales to China and the biggest surge in chip shipments in six years provided a boost to the trade-reliant economy at the start of 2024. The positive impulse from Thursday’s trade data was reflected in a survey on the…
[ad_1] The largest primate ever to walk the Earth went extinct because it could not adapt to its changing environment, with the mighty beast reduced to living off bark and twigs before dying off, scientists said on Wednesday. Gigantopithecus blacki, which stood 10 feet tall and weighed up to 660 pounds, thrived in the forests…
