According to the Nikkei Asian Review on February 26, Western major chip makers and related suppliers are increasing their production in Singapore in order to meet long-term demand growth and diversify supply…
South Korea lowers 2023 economic growth forecast
On February 23, local time, the Bank of Korea decided to keep the benchmark interest rate unchanged at 3.5%. The Bank of Korea’s decision to stand still coincides with market expectations and…
China’s science and technology expenditure exceeds 3 trillion yuan
At the meeting, Wang Zhigang, Minister of Science and Technology, revealed that in 2022, the total R&D expenditure of the whole society will break through 300 billion yuan for the first time,…
Singapore lifts COVID-19 restrictions
The Singapore government has lifted some of its COVID-19 restrictions, including allowing the reopening of certain businesses, allowing outdoor activities again, and allowing small-scale social gatherings. The easing of restrictions comes as…
RMB international settlement scale increased by 15%
According to Business News International, Kommersant cited a report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) as saying RMB international settlement rose 15.6 percent, compared with a 19.86 per cent increase in…
Liu Qiangdong: 10%-20% salary reduction above the deputy director
International Business News – In an email to all employees, Liu Qiangdong, the founder and chairman of the board of directors of Jingdong Group, said that he would “raise and lower” the…
Singapore GST to be increased
1. How much GST will I have to pay from 1 January next year? Singapore will next increase GST in two phases, from 7% to 8% on January 1, 2023 and then…
China’s high net worth families with 10 million assets reached 2.06 million
International Business News – On November 20, Hurun Report and CITIC Prudential Life jointly released the 2022 China High Net Worth Family Heritage Report, which shows that the size of China’s high…
Chinese companies become the biggest sponsors of FIFA World Cup Qatar 2022
International Business News – Recently, Global Data, a London-based data analytics and consulting firm, released data showing that Chinese companies sponsored $1.395 billion for this year’s World Cup in Qatar, surpassing the…
Coal prices in Kazakhstan up 10.8% year-on-year
International Business News – According to the Kazakhstan News Agency, according to statistics from September this year, coal prices in Kazakhstan rose by 2.9% month-on-month and 10.8% year-on-year. From January to August…