Real wage decline could push low-income families into poverty
It is possible that the coronavirus pandemic caused a structural change in demand for workers with increased reliance on digital technology in both production and distribution of…
Economic Affairs
Beijing’s per capita GDP stays on top in China
According to a report, Beijing's GDP reached the 3 trillion yuan ($448.8 billion) threshold in 2018 and exceeded 4 trillion yuan three years later in 2021.
Philippines policymakers brace for economic oil shock
A senior economist noted that Philippines’ energy mix is secondly dominated by oil, and elevated global energy prices are likely to impact more than 50 per cent of their power…
Worst tidal flooding in decade hurts Java’s fish farmers
Almost 70 per cent of some 2,900 hectares of fishponds in the village, owned by 604 households, were affected by this year’s tidal flooding, resulting in losses of more than Rp…
Restaurants on the verge of closing their doors
Facing a manpower shortage, a restaurant owner said most of his staff was from outside Malaysia, many of who returned home or lost their permits during the Covid-19 pandemic.
Yoon to carry out deregulations, tax reform to pursue market-oriented economy
Finance Ministry cuts 2022 GDP growth target to 2.6%
Hundreds of workers join aviation industry as firms ramp up recruitment
In Singapore, the number of air travellers and visitors are at their highest since the onset of the Covid-19 pandemic.
Norway eyes offshore wind farms in Philippines
Offshore wind energy would be a great opportunity for Philippines, said Norwegian Ambassador Bjorn Jahnsen.
Cryptocurrency trade adds millions of dollars to state budget
Eleven of the 13 companies who have added to the government’s budget have carried out transactions in digital currency; 10 have handed over US$4.5 million in copyright fees.
Yen’s slide sets off alarm bells in Japan
The yen falling to ¥135.60 against the dollar in morning trading, reached its weakest level in about 24 years.