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China to scrap subsidies for electric vehicles
China will end subsidies for electric and hybrid cars at the end of the year, authorities have announced, saying the strength of sales in the sector meant state support was no longer needed. In a stat…
Taiwan eyeing medical field in Southeast Asia
Taiwan is to work with Medical Excellence Japan to explore market opportunities in Southeast Asia, as a part of its effort to fortify ties with New Southbound Policy countries, the Cabinet’s Office of…
World’s largest free trade deal takes effect on first day of 2022
The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade agreement, entered into force on Saturday, injecting vitality into multilateralism and free trade…
Intel’s US$7 bil Penang investment will compel Malaysia’s semiconductor ecosystem to level up
It is the story of the year for Malaysia’s tech ecosystem. Intel Corporation US$7.1 billion (RM30 billion) investment into Malaysia, spread over 10 years, sent a jolt of excitement through the ecosyst…
India allows refined palm oil imports until Dec. 2022 to tame inflation-surge
Earlier last week, Government officials in India, the world’s seventh-largest economy by nominal GDP and the third-largest by PPP (purchasing power parity), had told in a statement that the country wo…
Non-resident Bangladeshi investment potentials lie untapped
Nearly 2.4 million Bangladeshis are estimated to be living abroad permanently, either as citizens or on long-term permits, but there has been very little effort by the government to tap this huge sour…
Indonesia saves $4.54 billion in foreign exchange by using biofuel
The utilization of 30 percent biodiesel (B30) in 2021 helped Indonesia save US$4.54 billion in foreign exchange or equivalent to Rp64.6 trillion, the Energy and Mineral Resources Ministry has informed…
Nepal receives investment pledges for 30 billion in five months
21Nepal has received foreign investment commitment of Rs 30 billion in the first five months of the current fiscal year that began on July16.According to the data unveiled by the Department of Industr…
Bangladesh outdoes China, Vietnam in apparel export growth in US
Bangladesh has outnumbered China, Vietnam and Indonesia in terms of growth in apparel exports to the United States in January-October this year, with many US buyers shifting orders to the supplier cou…