Here are some interesting stories from Asia this week that you might have missed.
China is ramping up efforts to boost economic development with new policies. The National Development and Reform Commission announced a plan to allocate 100 billion yuan from next year’s budget to local governments and an additional 100 billion yuan for key projects by the end of this year. These policies aim to support economic growth, stabilize markets, and increase domestic demand.
Japanese parliament dissolved
Japan’s lower house of parliament was dissolved, setting the stage for a general election. Prime Minister Shigeru Ishiba aims to secure his party’s majority in the election on October 27.
Indian business tycoon dies
Indian business magnate Ratan Tata passed away at 86, leaving behind a legacy of leadership at Tata Group and philanthropy. Prime Minister Narendra Modi praised Tata as a visionary leader.
Heavy rainfall in Meghalaya has caused floods and landslides, resulting in 15 deaths and significant damage to crops. Relief efforts are underway.
Malaysia’s Johor state weekend change
Johor state in Malaysia will revert to a Saturday-Sunday weekend from January 2025, providing time for Muslim workers to attend Friday prayers.