Concerns grow over Thailand’s nationwide wage hike amid economic uncertainty
Thai agencies issue caution over nationwide 400 baht wage increase, citing concerns about economic impacts and risk to recovery.
Economic Affairs
India expects to double its $4 trillion economy this decade: Jaishankar
External Affairs Minister S Jaishankar said that India expects to double its $4 trillion economy as well as its $800 billion trade this decade, adding the country is prepared to…
Bumpy road ahead for Korean economy
Political tumult, slowing growth, US tariff threats “triple whammy” hit Asia’s fourth-largest economy.
Insurance premiums in Malaysia face scrutiny as hike comes amid record profits by private hospitals, insurers
It was earlier reported that medical insurance premiums are expected to rise by between 40% and 70% next year, based on notices sent by insurance providers to policyholders.
Fewer marriages among young Indonesians hurt wedding industry
Last year, the archipelago only saw 1.57 million couples tying the knot, according to Statistics Indonesia (BPS), a fall from over 2 million in 2018.
Tourism Authority of Thailand projects 40 million foreign tourists in 2025, revenue to rise 7.5%
Authority will also ask airlines from India and China – two of Thailand’s largest tourism markets – to increase flights to the kingdom.
Gold price continues to tumble in Nepali market
The decision to slash the duty on gold customs was made during a cabinet meeting on December 4. This move aims to address the imbalance caused by Nepal’s higher gold duty…
Philippine inflation quickens to 2.5% in November
This comes on the back of higher food prices following the onslaught of powerful typhoons late in the season.
Bhutan’s economy projected to grow over 7 percent
The recovery of tourism and trade services, a vital part of the service sector, also contributed to the growth. On the demand side, an increase in non-hydro exports and consumer…
Marcos-Duterte feud seen as major economic risk ahead of 2025 elections
Japanese investment bank Nomura noted that the feud is one of several risks to the economy, alongside weaker global growth, rising tensions in the West Philippine Sea, and surging…