Nickel plan sidelined as Indonesia pushes EV market with new incentives
Through the policy changes, the government will allow any automaker planning to set up EV plants in the country to import fully built-up or completely knocked down EVs without…
Policy Matters
TAT sets THB3.5 trillion target for 2024, will boost domestic tourism
The Tourism Authority of Thailand wants to reduce dependency on any single market, while it is working on increasing the average spending of tourists.
Indonesia needs more skilled expatriates to help create jobs: Chamber of Commerce and Industry
Some foreign business associations have raised concerns related to the complexity of the work permit process as well as a lack of clarity and transparency in the government's…
Philippine Senate ratifies P5.768 trillion national budget for 2024
Before senators voted on the General Appropriations Bill, Senate President Juan Miguel Zubiri made sure that the upper chamber would not get any confidential and intelligence…
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…
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…