Xinhua’s Global Economic News Summary at 10:30 a.m. GMT, Sept. 24


TOKYO – Japan must build a resilient economy by finding methods to fight COVID-19 infections and promote economic activities simultaneously, and by implementing reform measures to improve the business environment, book says government white.

Local media reported on Friday that the Japanese government’s white paper on the economy and finance for fiscal 2021 underlined the importance of building a Japanese economy that can flexibly respond to emergencies such as disruptions in the economy. supply chain and climate change, as Japan was unable to focus on reviving the economy while struggling to contain the pandemic. (Japan-Economy-White paper)

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KUALA LUMPUR – Malaysia’s inflation, as measured by the Consumer Price Index (CPI), rose 2% year-on-year in August, official data showed on Friday.

The transport group continued to record a double-digit increase since March and edged up 11% in August from a year ago, Malaysia’s statistics department said in a statement. (Malaysia-IPC-August)

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MANILA – The Philippines posted an aggregate balance of payments (BOP) surplus of $ 1.04 billion in August, higher than the $ 657 million surplus a year earlier, according to bank data Philippine central.

The Bangko Sentral ng Pilipinas (BSP) attributed the surplus to the additional allocation of Special Drawing Rights to the Philippines, given the efforts of the International Monetary Fund to increase global liquidity amid the pandemic and the BSP’s income from of its investments abroad. (Philippines-BOP-August)

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SEOUL – South Korea’s intellectual property rights trade surplus hit a new record in the first half of this year due to improved trade in culture and arts copyright, showed Friday central bank data.

Trade in intellectual property rights reached a record surplus of $ 850 million in the January-June period, turning black after a deficit of $ 760 billion recorded a year earlier, according to the Bank of Korea. (SKorea-Intellectual property rights-Trade surplus)


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Previous Xinhua's global economic news summary at 10:30 a.m. GMT on September 5
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