Indonesia’s charity laws in spotlight after Lion Air crash scam
Three charity workers have been given prison terms for misappropriating $7.8m from a victims’ fund set up by Boeing.
Economy
Philippine economy grows at fastest pace in 40 years
Analysts warn global slowdown and soaring inflation point to a difficult year ahead for the Southeast Asian economy.
South Korean economy shrinks for first time since 2020
Sagging exports and private consumption see Asia’s fourth-largest economy contract for first time in 2-1/2 years.
Global economic growth will slow to 1.9% in 2023: UN
For the world’s least developed countries, the U.N. said growth is projected at 4.4% this year, about the same as last year but significantly below the UN’s target of 7% by 2030.
Official: Iran non-oil exports rose by 17.66 percent to $45.3bn in ten months to January
Iran’s Customs Administration says the ten month exports of non-oil products in the country has hit 45.3 billion dollars, which is a 17.66 percent rise in terms of value compared to the same period of the previous year.
Mongolia pledges to clean up coal trade with China after protests
Mongolia’s government will auction coal on the stock exchange after scandal involving underground coal sales.
Uzbek president urges road map for economic cooperation with Iran
Uzbekistan’s President Shavkat Mirziyoyev has called for the formation of a joint committee by the Foreign Ministries of Iran and Uzbekistan in order to draw up a road map for economic cooperation between the two countries.
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S Korea says it’ll make it easier for foreigners to buy stocks
Asia’s fourth-largest economy plans to ease stock market regulations this year to encourage foreign investment.
Crypto lender Genesis optimistic it can resolve creditor disputes
Genesis filed for bankruptcy protection on January 19 after earlier freezing customer withdrawals.