South Korea opens up to more skilled workers, quota up 15-fold this year
Foreign labourers who have worked in local manufacturing, construction or agriculture for at least five years could apply for the E-7-4 visa.
Big Picture
China’s strong economic recovery helps boost confidence in global economy
The country's top regulator for State-owned assets also said the country has witnessed some positive signs for a strong recovery on both the demand and supply sides.
Fitch raises China’s GDP forecast to 5.6% for 2023
Although the country's monthly macro data releases for April and May slowed, the broader picture of a growth recovery driven by a normalisation of consumer spending looks intact.
Bangladesh reserves surpass $31 billion
The Bangladesh Bank has so far injected nearly $13.5 billion into the banking sector this fiscal year, which eroded the reserves to a large extent.
State Bank of Pakistan hikes policy rate by 100 basis points to 22% in emergency meeting
Regarding its move to hike the policy rate, the bank’s Monetary Policy Committee said it viewed the action as “necessary to keep real interest rate firmly in the positive…
Thailand’s economy stable but household debt still a worry
Thailand's economy has expanded satisfactorily this year, supported by tourism and domestic consumption, with current figures show approximately 2 million tourists entering…
Outdoor sporting goods firms hope more hikers hit the adventure trail
As of early June, hiking-related topics on social media platform Douyin garnered over 8 billion views, while Xiaohongshu boasted more than 3.53 million relevant posts.
EV startups stretch out to smartphone market
In the era of intelligent electric vehicles, a trend has emerged where car manufacturers venture into the smartphone market, blurring the lines between industries as technology…
Thailand unprepared as foreign investors flock back to Asean
As the world rebounds, Thailand is now competing with other Asean countries to attract investment from multinational companies in the technology sector.
Business breakups: Bouncing back from failed ventures
Nothing lasts forever, and the corporate world is no exception.