Will the RMB exchange rate usher in a new cycle?
International Business News – On August 19, the RMB mid-price against the USD was 263 basis points lower than the previous trading day, at 6.8065. There are two main measures of the price of money, internally the interest rate and…
Cuba allows foreign investment in the domestic trade market for the first time
International Business News – The Cuban government plans to allow some foreign investment in local wholesale and retail trade for the first time since Fidel Castro led the Cuban Revolution to victory in 1959, the report said. Ana Teresita Gonzalez,…
Japan’s April-June GDP grew at an annual rate of 2.2%
International Business News – Japan’s Cabinet Office released the April-June flash GDP report on August 15, showing that the real seasonally adjusted value excluding the impact of price changes increased by 0.5% from the previous quarter, or an annualized growth…
Record level of foreign investment in Malaysia in Q2 2022
International Business News – The Department of Statistics Malaysia (DOSM) has announced that foreign direct investment (FDI) inflows into Malaysia increased by RM24.1 billion to a record RM836.2 billion in the second quarter of 2022 (from RM812.1 billion in the…
Kazakhstan’s trade with China reaches $11.26 billion
International Business News – According to Kazakhstan Capital Network News, Kazakhstan’s trade volume with China in the first six months of 2022 will reach 11.26 billion US dollars, an increase of 36.2% over the same period last year, and triple…
Vietnam promotes cross-industry cluster development of marine economy
International Business News – In order to promote the rapid and sustainable development of the marine economy cross-industry cluster, and strive to create a strong marine economic center by 2030, Vietnam has formulated a national marine space plan to provide…
Rapid economic recovery in Vietnam and Southeast Asian countries
International Business News – The COVID-19 outbreak and the Russian-Ukrainian conflict come at a time when Southeast Asian countries are playing a bigger role in global production lines and supply chains. However, rising inflationary pressures could weigh on trade activity…
Singapore’s economy grows 4.4% year-on-year in the second quarter
International Business News – Singapore’s Ministry of Trade and Industry released the second quarter economic survey on August 11. Data show that Singapore’s economy grew 4.4% year-on-year in the second quarter of this year, after seasonal adjustment, down 0.2% from…
Vietnam’s industrial zones and economic zones attract over $100 billion in investment
International Business News – Vietnamese media reported on August 10 that the Ministry of Planning and Investment is currently working on a draft government resolution on measures to improve the development effectiveness of industrial zones and economic zones. The ministry…
Saudi economy is growing at an unprecedented rate
International Business News – In Dave Eggers’ novel “The King’s Hologram,” the protagonist waits day after day in a desert camp in Saudi Arabia for the king to come and approve his infrastructure project, which aims to build a new…