Wage growth inevitable, but cannot outstrip productivity: Singapore DPM
Keeping wage increases sustainable could mean that salaries do not keep pace with higher costs of living in the short term, said Mr Wong.
Keeping wage increases sustainable could mean that salaries do not keep pace with higher costs of living in the short term, said Mr Wong.
The plan was addressed at a meeting attended by chief executives from carmakers such as Hyundai Motor, Kia Motors, and Renault Korea.
As South Korea’s Kospi tumbled to a new intraday low in 26 months, analysts think the choppy local market is here to stay until price increases slow down significantly.
With the internationalisation of the renminbi, Hong Kong will play an even bigger role as an offshore renminbi business hub, Paul Chan Mo-po said.
AI is one of the three leading industries, along with integrated circuits and biomedicine, that Shanghai is striving to develop.
Across the world, countries have been overhauling their immigration programmes and offering a range of incentives to would-be migrants.
Despite the fall in the latest ranking, the city increased its score from the previous ranking by 10 points to 725 points, just one point lower than Singapore.
A report from US search giant Google said that the downloads of apps by Chinese developers nearly doubled over the past decade.
The government will use the financial support for projects that integrate artificial intelligence and big data into developing diagnosis of diseases like dementia.
The Paris-based organisation also expected South Korea's exports and private consumption would post slower-than-expected growth in 2023.