Philippines, Hong Kong discuss possible hiring of 7,000 Filipino caregivers
According to the Hong Kong Immigration Authority, there are 211,514 Filipinos living in the city, most of them employed as domestic workers.
Big Picture
‘Economy will go down the rabbit hole,’ South Korean survey finds
Survey respondents said an unprecedented economic environment was unfolding in Korea this year, in which conventional business strategies do not work.
Philippine peso hits strongest level in six months
According to ING Bank, the foreign exchange markets continued to trade with cautious optimism on the view that a slowdown in the US can rein in further interest rate hikes by the…
After record earnings, South Korea’s banks feel pressured to lower lending rates
Despite banks’ efforts to lift some burden off borrowers' shoulders, many say the rates are still too high.
Face-mask makers asked to increase output as tourists from China surge
Department of Internal Trade director-general, Wattanasak Sur-iam said a shortage of face masks could contribute to a new wave of infections in Thailand
Increased digital adoption paves way for further exploration
In the past decade, the adoption of digital technologies continues to increase even today, albeit at a slower pace than during the pandemic.
World Bank cuts 2023 world growth forecast in ‘sharp, long-lasting slowdown’
The World Bank’s latest forecast points to a “sharp, long-lasting slowdown” with growth pegged at roughly half the pace it predicted in June.
UBS expects Chinese market to deliver more growth
The consumption recovery in the Chinese market will drive companies' earnings rise, while a recession in developed economies will affect earnings growth in overseas markets in…
Hong Kong moots promotion exercise in Feb to lure visitors, businesses: John Lee
He also noted that 17 per cent of the daily quota of 60,000 Hong Kong allowed to travel to the mainland in the next eight weeks have been booked.
Cashew exports for 2022 drop 35% as farmers report losses
Cashew nut Association of Cambodia president Uon Silot said that problems of extreme climate change and the rising prices of fertilisers, pesticides and fuels have made cashew…