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…
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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…