South Korea to set up commission to combat supply chain disruptions
Together with the Ministry of Foreign Affairs, the Korea Customs Service and the Public Procurement Service, authorities will work to identify risks to supply chains that are…
Policy Matters
Export processing zone workers see over 50% hike in minimum wage
Helpers in garment factories inside EPZs will get Tk 12,800 as minimum wage from the current month, which is 56 percent higher than the Tk 8,200 set five years ago.
Indonesia’s plastic, sweet beverage excise to cause more problems than it solves
"Consumers would bear the burden of the higher product costs, while micro, small and medium enterprises would be hit the hardest, as they were the biggest users of plastics," said…
China capable of defusing debt risks: Experts
The plan to issue additional government bonds of 1 trillion yuan, announced in October, is conducive to increasing local governments' fiscal space, and will add momentum to…
India approves new air routes for its north-eastern states
India has greenlit four new air routes that connect the country's north-eastern states with international destinations, including Dhaka and Chattogram, Bangladesh, under a project…
Bank of Korea holds key rate steady, cuts 2024 growth outlook
The Bank of Korea’s hawkish stance partly stems from Korea’s snowballing household debts. Despite the high rates, the outstanding household credit for the third quarter…
Philippine Senate approves P5.7 trillion national budget for 2024
With 21 voting in the affirmative, no negative votes, and one abstention, House Bill No. 8980, which contains the national budget for next year, was approved by senators. A…
Experts pitch for reforms to drive growth in China
To cope with the challenges, it is sensible for China to ramp up proactive fiscal policy and optimise the debt structure as most of the government debt at present is in the form…
South Korea to test central bank digital currency with public vouchers
Central bank digital currencies are a new form of digital money issued by a central bank, divided into two types: the wholesale CBDC for institutions and the retail CBDC for…
AI for good: China’s proposal for global AI governance
China's Initiative proposes up front a people-centered vision to enhance the common well-being of humanity.