Indonesia's economy contracted in the second quarter for the first time since 1999 as efforts to contain the coronavirus pandemic hit consumption and business activity, official data showed on ... ( read original story ...)
Indonesia’s Q2 GDP shrinks by 5.3% y/y, sharper than expected
Indonesia's economy contracted in the second quarter for the first time since 1999 as efforts to contain the coronavirus pandemic hit consumption and business activity, official data showed on ... ( read original story ...)
Indonesia’s GDP contracts deeper than expected at 5.32% in Q2
Indonesia’s economy suffered its sharpest downturn since ... lower than the 8.23 percent growth recorded in the same period last year, as it cut spending on business trips and canceled events. “The ... ( read original story ...)
India’s services activity contracted for fifth straight month in July – PMI
India's dominant services industry, a key driver of economic growth, shrank for a fifth straight month in July as restraining measures to stop the spread of the coronavirus hurt business activity and ... ( read original story ...)
India Has Biggest Disconnect Between Stock Rally, Economic Gloom
Of all the countries in the world, the disconnect between rallying global stocks and deteriorating data is probably the most pronounced in India.The nation’s shares have logged the one of the best reb ... ( read original story ...)
Demand from rural, non-containment urban areas put business back on track: T Krishnakumar of Coca-Cola India
Krishnakumar, stating how the company had committed to invest $5 billion in its India business by 2020, said, “There might be some scheduling or rescheduling but we are absolutely on track both ... ( read original story ...)
AP Explains: Kashmir on Edge 1 Year After Major Indian Shift
Indian-controlled Kashmir has remained on edge in the year since New Delhi scrapped the disputed region’s semi-autonomy and imposed a near-total clampdown. ( read original story ...)
Indian Government Actively Working Towards New Crypto Ban
An Indian government official has claimed that ... Moneycontrol said that “millions of dollars worth of business in cryptocurrency is being done every week, with the lockdown pushing up the ... ( read original story ...)
China’s services sector expands at slower pace in July: Caixin PMI
Growth in China's services sector slowed in July from a decade high the previous month, as new export business fell and job losses continued, an industry survey showed on Wednesday, pointing to cracks ... ( read original story ...)
Breakingviews – Stock markets in China grow governance teeth
Chinese equity market regulators are growing a set of governance teeth. The Supreme Court has finally permitted shareholder lawsuits similar to the class-action litigation deployed against corporate ... ( read original story ...)