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India: A case study in COVID-induced inflation

June 30, 2021

NEW DELHI --India's inflation in May surged past the 6% ceiling of the official target range. The price increase was broad-based, with both headline and core components touching recent highs, ANZ Bank said in a research note. Various State-level lockdowns and rising health costs likely added to the inflationary impulse in the month, ANZ said. "We expect the Reserve Bank of India (RBI) to not react to this data point, but to monitor if it is sustained."

Bay to Bay: Synergies between San Francisco and China’s GBA, says US report

June 30, 2021

HONG KONG - A research report identifying synergies and collaboration opportunities between the San Francisco Bay Area and China's Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has been published by the Bay Area Council Economic Institute, based in San Francisco, and the Hong Kong Trade Development Council (HKTDC). 

Recovery of Malaysian banks is further away: S&P

June 30, 2021

SINGAPORE -- S&P Global Ratings said today that Malaysian banks will continue to be an Asian outlier in their recovery path. "The path to normalisation is likely to be protracted due to the flare-up of new COVID-19 waves and inevitable disruptions in near-term economic prospects," it said. "The six-month blanket moratorium revealed by the Malaysian government on June 28 should further delay the timeline for banks' return to normal."

India, Australia sign collaboration deal on cyber-enabled critical technologies

June 14, 2021

NEW DELHI -- India and Australia have announced collaboration in cyber-enabled critical technologies, following the initial conference of the India-Australia Joint Working Group (JWG) on cyber security co-operation. India's Ministry of External Affairs (MEA) said both countries reviewed a variety of topics involving cyber domain emerging technologies.