Philippine lawmakers propose $4.9b sovereign wealth fund
It would be seeded with 275 billion pesos ($4.95 billion) from government financial institutions.
Policy Matters
New rules push major firms to tap more female outside directors
This came as a revised capital market law, putting restrictions on male-dominated boards of big corporations, was put into effect in August this year.
China’s policies to stabilise real estate financing
Policies include the central bank's move to cut the reserve requirement ratio for financial institutions by 0.25 percentage points.
China’s export tax refund and exemption reach 1.64 trillion
At the same time, the tax department also enhanced cracking down on tax fraud on a regular basis.
HK Financial chief vows to boost ties as Asian growth is expected to rebound
The Swiss bank anticipates the Asian economy will recover moderately by the middle of 2023.
Indonesia’s new minimum wage policy causes controversy
Under the new regulation, mayors and regents can set wages above, but not below the provincial minimum announced by governors.
Indonesia admits defeat in WTO nickel-export dispute
The minister explained that Indonesia was not obliged to retract its regulation as long as an appeal process was still ongoing.
China’s growth target at least 5% sensible: Policy advisor
As conditions have become more favourable for economic recovery, it is advisable to set the country's growth target at no less than 5 percent, he said.
South Korean businesses demand more migrant workers to relieve labour shortage
The 110,000 foreign workers the government expects to see next year represent, by far, the largest addition since 2004.
Philippines SIM card registration law to take effect before end of 2022: Senator
Even after the passage of the SIM Card Registration bill, Senator Sherwin Gatchalian expressed alarm over the spam messages and text scams that continue unabated.