Tag: CRIR

The RBI maintained interest rates at 6.50% in August 2024, forecasting 50bps cuts by FY2024/25 due to inflation concerns.

India's FY2024/25 budget sees a 12.9% healthcare increase, focusing on system enhancement and domestic production of medical devices.

In August 2024, Tuan Sing opened Indonesia's largest outlet mall, The Grand Outlet-East, in collaboration with Mitsubishi Estate Group.

Japan's tourist arrivals are expected to recover to 2019 levels by 2024, driven by increased marketing and easing entry barriers, despite overtourism risks.

Thailand's tourist arrivals are forecasted to grow 28.3% in 2024 but remain below pre-pandemic levels, achieving full recovery by 2025.

Sri Lanka's economy grew 5.3% in Q1 2024, expected to slow to 4.0% for the year, driven by tourism growth.

Mainland China's luxury retail sector is currently navigating a period of significant transformation, driven by aggressive discounting strategies.