Passenger vehicle dispatches from manufacturers to dealerships rose 4.4% year-on-year in September, signalling a strong start to the festive quarter for the auto industry. According to data released by the Society of Indian Automobile Manufacturers (Siam), a total of 3,72,458 passenger vehicles were dispatched last month, compared to 3,56,752 units in September last year.
The International Monetary Fund said that global public debt is on track to exceed 100% of GDP by the end of this decade, its highest level since 1948, in the aftermath of World War II.
Asean governments must lead with strong leadership and planning for the region's clean energy grid, or they risk wasting billions of dollars on stranded renewable energy investments, an economist warns.
Federal Reserve governor Stephen Miran said recent trade tensions have increased uncertainty in the outlook for growth, making it more important for policymakers to lower interest rates quickly.
The two-week-old federal government shutdown is costing the US economy about US$15 billion (RM63.4 billion) a day in lost output, Treasury Secretary Scott Bessent said on Wednesday, putting an estimate on its economic toll and urging Democrats to "be heroes" and side with Republicans to end it.
Asian stocks looked poised for a volatile session Thursday, mirroring Wall Street’s swings as investors weighed the uncertain fallout from escalating US-China trade tensions.