Parliament of Malaysia

Welcome to Your Week in Asia.Anwar Ibrahim, Malaysia's new prime minister, will convene a parliamentary session on Monday, prepared to face a vote of.

Once on the brink of bankruptcy, Nio has vowed to launch five new models in the first half of 2023 to capture growing demand for EVs. Chinese electric vehicle startup Nio is expected to hold Nio Day, its annual new model and technologies launching event, in the eastern Chinese city of Hefei. Prime Minister Fumio Kishida's cabinet is expected to approve a draft budget for fiscal 2023 of over 100 trillion yen, likely to be the largest ever. Price increases are spreading from energy and food to construction and dining, but the government aims to counter the uptrend with a major energy subsidy program in January. An economic recovery is underway on the back of a rebound in inbound tourism, but the BOJ is likely to focus on recession risks in the U.S. The focus will be on whether, and possibly to what extent, the country is maintaining the upward trend.