December, 2022

• 26 December

  China to end quarantine for Hong Kong border on Jan 3

    Bloomberg China may remove quarantine requirements for cross-border travellers between Hong Kong and the mainland as early as January 3, the South China Morning Post (SCMP) reported, citing mainland official sources. A policy known as “0+3” is being considered, under which travellers to the mainland would no longer be required to undergo five days of quarantine and instead only ...

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• 26 December

  Aid groups stop operations as Taliban ban women NGO staff

  

  Bloomberg Several aid groups are suspending operations in Afghanistan after the Taliban imposed a new ban on women working in non-governmental organisations, potentially disrupting humanitarian assistance to millions during the harsh winter months. “If we are not allowed to employ women, we are not able to deliver to those in need,” said the International Rescue Committee (IRC), one of Afghanistan’s ...

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• 26 December

  Vietnam’s TPBank sees 15% rise in 2023 profit

  

    Bloomberg Vietnam’s Tien Phong Commercial Joint Stock Bank (TPBank) expects its pretax profit to rise 15% next year as the nation’s pioneer in adopting automation technology benefits from cost savings, according to Chief Executive Officer Nguyen Hung. “We see a 15% rise in pretax profit next year is quite doable as we aim to increase using robotic process automation ...

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• 26 December

  Kuroda emphasises BOJ’s new policy tweaks ‘are not an exit’

  

    Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda stressed that the bank’s latest tweaks on its bond yield control program were not the beginning of an exit of monetary easing, but a way to make it sustainable and run smoothly. “This is definitely not a step towards an exit,” Kuroda said in a speech at an event hosted by ...

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• 26 December

  Colombia’s rate hikes nearing an end: Villar

    Bloomberg The steepest series of interest rate increases in Colombia is nearing an end as inflation is expected to slow sharply with the economy set for a hard landing next year, the country’s central bank chief said. Policymakers have responded to the highest inflation in more than two decades — due mainly to international factors — with a “contractionary” ...

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• 26 December

  Adani effect propels India stocks past most world markets in ’22

  

  Bloomberg India is set to rank among this year’s best-performing major stock markets globally, overcoming concerns about higher interest rates and an economic slowdown that has mired peers. The S&P BSE Sensex Index is up 3% so far in 2022, the biggest gain in the world after measures in Singapore and Indonesia. A solid run of earnings buoyed key Indian ...

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• 26 December

  Stocks advance, currencies mixed in cautious trading

  

    Bloomberg Stocks made small advances while currencies were mixed in Asia on Monday amid cautious trading and reduced liquidity with many markets closed for holidays. Benchmark equity indexes for mainland China, Japan and South Korea climbed less than 1%, with a gain of just above that for India. Other markets including Hong Kong, Singapore and Australia were shut. Appetite ...

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• 26 December

  Food security a strategic priority of Emirates: Mariam Almheiri

  

    Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) hosted the first meeting of the Farmers’ Council, presided over by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment. The meeting highlighted the government directions to promote sustainable modern farming systems across the UAE to increase the agricultural sector’s productivity and commercial value and enhance ...

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• 26 December

  DubaiNow completes 20mn transactions worth AED10bn

  

    Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said Dubai’s strategy for delivering services is based on the integration, interconnection, and simplicity of digital services. This makes the city’s services more accessible, efficient and secure, accelerating Dubai’s transformation into a global digital capital, His ...

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• 26 December

  UAE sends condolences to S Africa over fuel tanker explosion victims

    Abu Dhabi / WAM The UAE has expressed its sincere condolences and solidarity with the Republic of South Africa over the victims of a fuel tanker explosion in Johannesburg, which resulted in dozens of deaths and injuries. In a statement, the Ministry of Foreign Affairs and International Cooperation expressed its sincere condolences and sympathy to the government and people ...

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