Korea to pump in W8.8tr in 2025 to contend in global chip race
This is a detailed follow-up to the 26 trillion won package to support the chip industry unveiled by President Yoon Suk Yeol in May.
Policy Matters
More policies in pipeline to boost Chinese economy
Since Sept 24, the country's top regulators have come up with supportive measures covering the financial sector, the property market, and support to the real economy, among others.
Philippine cybersecurity official proposes another agency for AI regulation
Such a regulatory body may also monitor AI-produced content against abuse and misuse, says director general of the National Intelligence Coordinating Agency Francisco Ashley…
Lao PM Sonexay says AI is needed for ASEAN private sector to take the lead on digital economy
The Prime Minister noted that ASEAN will continue capitalising on opportunities to promote digital integration and innovation, ensuring relevant sectors are prepared for the…
Deeper crisis feared as 219 garment factories shut in Bangladesh
Officials see conspiracies behind the unrest and believe "real workers" are not involved in the vandalism of some factories, while labour leaders blame the influence of partisan…
Thai Cabinet approves 5 measures to curb ultra-cheap imports
The Cabinet on Tuesday approved five measures made up of 63 operational plans to tackle the influx of ultra-cheap and often substandard products that have been flooding Thai…
Laos’ labour ministry orders all foreign entities to pay workers in local currency
The instruction follows on from a Prime Minister’s Order on foreign currency management that was issued on January 24 this year after a meeting of the National Labour Committee,…
Amid signs of economic recovery, Monetary Policy Committee retains Thailand’s key policy rate
The Monetary Policy Committee secretary-general Piti Disyatat said the committee voted 6:1 to retain the current policy interest rate of 2.5%.
Thailand’s Revenue Department told to urge Temu to register for tax system
Temu is an e-commerce platform that sells products directly from overseas without involving Thai intermediaries or allowing local businesses to operate stores on the platform. As…
Businesses in Indonesia fret over planned excise on fats and salt in processed foods
The same article also paves the way for an introduction of excise on sugar, fat and salt. The Finance Ministry had planned to introduce a tax on sweetened beverages last year, but…