Indonesia’s employers, workers still locked horns over 2023 minimum wage
Labor unions have called relentlessly for a minimum wage increase of around 13 per cent, as September’s fuel price hike had greatly impacted living costs.
Cambodia prepares to launch inflation relief programme
The intervention aims to ensure that the households, totalling around two million people, do not fall below the poverty line.
October inflation in China unexpectedly eases
Some experts said they expect a cut in the reserve requirement ratio, which would reduce the amount of cash banks must hold as reserves, and thus boost lending and demand.
Indonesian firms cut staff, costs as global crisis hits home
Export-oriented industries are among the hardest hit, with many reporting sales plunging 30 to 50 per cent or even more, depending on their reliance on the overseas market.
As yen tumbles, gadget-loving Japan goes for used iPhones
Sales of used smartphones grew nearly 15 per cent in Japan to a record 2.1 million in the last financial year and are likely to reach 3.4 million by 2026.
Taming Indonesia’s inflation to pave way for stronger growth recovery
There could be a silver lining for Indonesia's economy toward this year’s final quarter as the tourist sector continues to mark robust performance.
Rising dollar makes Nepal’s winter clothes more expensive
According to Nepal Rastra Bank, prices of clothes and footwear rose by 7.68 per cent in the first two months of the current fiscal year ended mid-September.
Even developed nations are struggling: Bangladesh PM on global recession
The premier also said that the government is trying hard to maintain the economy, but everyone has to maintain some austerity.
Core consumer inflation hits 21-year high
A separate survey has also showed that over 80 per cent of South Koreans say the cost of dining out has increased.
People’s income has not risen in line with inflation: Bangladesh planning minister
He also claimed that the current inflation is actually good for Bangladesh.