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…
Policy Matters
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.
Cambodia to become first Asian host of mine summit
Hosting and chairing the Ottawa Convention Summit will bring numerous benefits to the nation. Cambodia aims to share the positive experiences gained from its efforts to transform…
Marcos meets TikTok CEO, taps platform to help Filipino traders
The president and the Singaporean TikTok official agreed on training local sellers and promoting their products through the platform, according to Presidential Communications…
International Labour Organisation calls for transparency in fixing Bangladesh garment wages
Demonstrations and instances of violence over wage levels in the sector give rise to concerns, it said. In a statement recently, it called for calm and restraint to avoid any…
$100 million ready-made garment work orders in Bangladesh postponed for unrest
Certainly, an entrepreneur, who invests by availing bank loans and assuming real-time liabilities to run factories, would not certainly want to destabilise its workers or the…
Dhaka Stock Exchange needs more power to combat manipulation: Managing director
The DSE cannot go to investigate a factory without prior approval from the Bangladesh Securities and Exchange Commission. While they are seeking such approval, the situation often…
Progressive wage model a win for employees and bosses, says Sivakumar
The Human Resources Minister added that if employers choose to opt for the progressive wage scheme and pay their employees according to the government’s prescribed rates, they…