Bank of Korea freezes rate, forecasts fading inflation
Bank of Korea governor Rhee Chang-yong stressed the decision was based on fading inflation, at a press conference held after a rate-setting meeting.
Economic Affairs
Food inflation in Philippines’ ‘sari-sari’ stores higher at 15.62%
Of the food items in these neighbourhood retail stores, vegetables, tubers, cooking bananas and pulses posted the highest inflation rate at 22.45 percent.
Many Japanese suppliers face price cut requests from clients: Survey
If such companies remain unable to pass the higher costs on to their clients, they would not be able to raise salaries for their workers.
South Korean president Yoon sets export target of $685 billion this year
He vowed to support the expansion of exports in 12 sectors, including nuclear power, agriculture, fishery products, content and biotech.
Philippines’ RCEP entry to boost trade ties with China
On February 21, the Philippines became the last signatory member to ratify the trade pact, involving 15 economies in the Asia-Pacific region.
Experts hail Hong Kong’s new investment immigration program
Investment at a certain amount in the local asset market, excluding in property, is required for the applicant to qualify.
US continues to be Bangladesh’s top source of remittance
Bangladeshis sent back home US $966.89 million in the October-December period of 2022, up nearly 16 per cent from US $834 million a year ago.
Fresh tech graduates from S’pore unis bag highest starting pay of over $5,600: Survey
The overall median monthly gross starting pay of graduates across different sectors was $4,200 in 2022.
Thailand expects THB3.9 billion revenue boost from tourist entry fee this year
Tourism Minister Phiphat Ratchakitprakarn said of the expected yield, 650 million baht would be spent on travel insurance for tourists, with the remaining 3.25 billion going into…
Domestic tourism to fully recover in summer: Chinese officials
Domestic tourism-related revenue is projected to reach US $583 billion this year, up 89 percent from the previous year.