Nissan decides to pull out of production in Russia
Nissan will transfer its local subsidiary, including its production plant, to an entity of the Russian government.
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23,000 Filipinos to lose jobs once POGOs leave: Industry group
An industry representative also said that driving away Pogo firms would also have ripple effects on other industries, particularly the real estate industry.
Decade of innovation sees invention patents soar
From 2012 to Sept 2022, the administration granted 3.95 million patents, with an average annual increase each year of 13.8 per cent.
New centre aims to help Hong Kong watchmakers tap smart wearables
Hong Kong has become the region with the most wearable devices per capita and the highest usage rate in the Asia-Pacific region in recent years.
Indonesian factories to feel trade slowdown in 2023
Real global GDP growth is projected to increase by 2.3 per cent next year, down 1 percentage point from the previous estimate, with a downside risk for a sharp contraction of 2.8…
Labour migration may exceed pre-Covid levels: World Bank report
Around 600,000 locals registered for overseas employment in the first six months of 2022, while there was a total of 617,000 migrants in 2021.
South Korea’s foreign reserves shrink at fastest pace in 14 yrs in Sept amid strong dollar
September's decline came amid worries that aggressive monetary tightening in major countries could throw the global economy into a recession.
Vietnam’s electronics industry capacity must keep up with increased investment
The electronic industry grew at an average of 23.8 per cent in the 2016-20 period to make Vietnam the 12nd largest electronic product exporter in the world, and third in Asean.
Philippines furniture exporters hurt as cancelled orders mount
Furniture orders from the United States and Europe were expected to drop by 25 per cent, down from about US$200 million in 2021.
Bank of Thailand governor reaffirms Thailand taking ‘gradual and measured approach’ to economic recovery
He said Thai economic conditions differed from those in other countries, so Thailand did not need to adopt the same measures.