China rolls out private pension scheme for aging population
The scheme allows citizens to contribute up to 12,000 yuan annually to individual pension accounts subject to closed-end management.
Policy Matters
Japan govt preparing additional cash handouts for low-income households
The latest handout, amounting to ¥100,000 (US$780) will cover households that were newly exempted from resident tax from fiscal 2022.
Pricey oil may cost Indonesia US$13 billion more in subsidy spending
The announcement comes as global oil prices are close to double the $63-per-barrel assumption that served as the basis for the 2022 budget.
Price ceiling hike for air tickets will not hit inflation
The proposed price would equal the ceiling price applied in 2015 but the Civil Aviation Authority of Vietnam has accounted for the need to protect the interests of passengers.
High demand for foreign workers indication Malaysian businesses doing well: Minister
Resources Minister Datuk Seri M. Saravanan said it was odd for industry players to cite bad business when the demand for foreign workers was high.
China’s loan prime rates in Q2 expected to slip
Vice-minister of finance Liao Min said China is looking to reduce and avoid the launch of policy measures that have a significant economic contraction impact.
Airfares down significantly after intervention by aviation authorities: Malaysian transport minister
“I would like to urge consumers to plan their travel and buy their airline tickets early to benefit from possible lower fares,” he added.
India ready to offer foodgrains to other nations: Modi
Referring to his talk to the US president Joe Biden, Prime Minister Narendra Modi said India can offer foodgrains for sending to other countries if WTO rules are relaxed to permit…
Vietnam’s regional minimum wage to be increased by 6 per cent from July 1
This increase is equivalent to a rise of VNĐ180,000-260,000 (US$7.86-11.36), which varies between regions.
Renewable energy, not imported LNG for Bangladesh
As Bangladesh scales up its energy supply, the government faces the choice between doubling down on imported fossil fuels or investing in renewable energy.