Sri Lanka’s Parliament Dissolved For Nov. 14 Elections
Sri Lanka’s newly elected President, Anura Kumara Dissanayake, has dissolved Parliament to facilitate an early general election in the debt-laden nation, as confirmed by a government gazette notification on Tuesday. The notification indicates that the election will take place on November 14, with the new Parliament scheduled to convene on
Vietnam & U.S. Ink MoU on Lastest Technology Trends
In a recent development, Vietnam and the United States signed a memorandum of understanding (MoU) during a business forum in the U.S. to enhance cooperation in energy, artificial intelligence, and data centres. According to the Vietnamese government, the MoUs cover several key agreements, including: Energy technology transfer between Vietnam’s state
Samsung Invests In Vietnam Plant For Manufacturing OLED
South Korean electronics giant Samsung plans to expand its production in a Vietnam plant with $1.8 billion. The expansion will focus on OLED (Organic Light-Emitting Diode) displays for automobiles and technology equipment. This news comes after the meeting between Prime Minister Minh Chinh and the General Director of Samsung Vietnam,
Federal Reserve Rate Cut Fuels Gains in Asian Markets
In the latest development, the Federal Reserve reduced its interest rates by 50 basis points, bringing them to a range of 4.75% to 5%. Later, the Hong Kong Monetary Authority followed suit and reduced its interest rate by 50 basis points to 5.25%. The tax cuts led to a rally
Hong Kong Makes The First Rate Cut Since 2020
This was the first time the Hong Kong Monetary Authority (HMKA) reduced its base interest rates in the last four years after the Federal Reserve eased its monetary policy. Hong Kong’s interest rate fell by 50 basis points to 5.25% from the all-time high since 2007. HMKA Deputy Chief Executive
Japan’s Elderly Population Risen To All-Time High
Government data released after the ‘Respect for the Aged Day‘ event showed that Japan’s elderly population had risen to an all-time high of 36.25 million. While the country’s overall population is declining, the segment of those aged above has grown to 29.3% of the population, the highest number in any
E-commerce Growth in Asia: Opportunities and Challenges
The e-commerce growth in Asia is constantly increasing, and consumers have a growing preference for online shopping. Retail and food delivery services are growing rapidly due to the latest technology and advanced logistics to meet ever-changing consumer needs. According to the e-commerce Industry Analysis report by imarcgroup, it says that
The Wait Is Over: Microsoft Finally Appoints New COO!
According to a blog post from the company, Microsoft has appointed Carolina Dybeck Happe, former CFO of General Electric, as its new Executive Vice President and Chief Operating Officer. The role had been vacant for the past eight years, and Happe has now officially assumed the position, Microsoft confirmed via
Hong Kong Loses Its Financial Businesses to Singapore!
Hong Kong continues to bear Beijing’s burden; it is losing financial business to Singapore amid growing financial challenges in China. Moreover, according to a report published by the Economist Intelligence Unit (EIU), ongoing economic turmoil in China will help Japan, India, and Singapore become new financial hubs in Asia. The
South Korean To Bring New Labour Laws for its Workforce?
According to the advisor to the president of South Korea, Yoon Suk Yeol, the country’s labour ministry plans to introduce laws that will protect the vulnerable members (typically the members of the workforce that do not belong to any labour union) of its workforce. This policy will also include gig
