The hike is in line with a forecast by financial research firm Moody’s Analytics, while most economists polled by financial news provider Bloomberg had expected no increase.
The national weighted average of minimum wages stands at ¥961, up ¥31 from the previous year. The new minimum wages will take effect on or after Oct. 1.
A State Council executive meeting chaired by Chinese Premier Li Keqiang also planned to send work teams to urge and serve local pro-economy efforts and beef up support for drought…
The July figure, slightly above the Bloomberg poll of 4.7 per cent rise, climbed on the back of stronger price hikes in food, electricity and gas.
He added that the government was also reviewing the situation for the rest of the 13 million power consumers who were in a better financial position.
The study also found that utilities, transportation, and food totaled 49 per cent of the expenditure share of Filipino homes in 2018.
The local unemployment rate from May to July dropped 1.1 percentage points compared with the level from February to April, while the underemployment rate fell 1.6 percentage…
The development comes after scores of people in several parts of the country took to the streets in protest against inflated power bills of both domestic and industrial…
Experts have warned that Nepal’s agriculture sector has not been performing well this year, with the ongoing fertiliser crisis fuelled by the Russia-Ukraine war could…
Each student will also be paired with a mentor who will help the student establish concrete personal development goals and arrange various activities to broaden the student’s…