Opposition mounts in Indonesia as House passes jobs creation law
Labour unions are planning several waves of protests and strikes nationwide to oppose the new law, with 5 million workers from various cities expected to take part.
ECONOMIC AFFAIRS
Seoul city to build new marina, floating swimming pools
Seoul Mayor Oh Se-hoon said the swimming complex is inspired by the Harbor Bath, an open-air floating public swimming pool in Danish capital, Copenhagen.
Credit Suisse’s trouble could trigger new global financial crisis
Thai experts have warned financial institutions to brace for a possible global turmoil following a crisis involving the Swiss banking giant.
Sugar prices keep rising despite record cut in import duties
The price increase came amid continued supply shortage and a spike in demand for the kitchen item on the occasion of the fasting month when sugar is used in verities of items.
China committed to opening-up: Premier Li
Experts and business leaders said the new premier's expounding on opening-up will boost market confidence, especially against the background of uncertainties in the global economy.
Take steps to protect local banks: Malaysian Chinese Association president
He urged the government to implement proactive policies and issuing statements to reassure Malaysians that banks are still safe.
State intervention backfires as rice prices hit multiyear high
Rice prices rose every month of 2022, with a noticeable increase starting in July, and with no signs of a slowdown seen since.
Pakistan finance minister Ishaq Dar expects to close IMF deal as talks set to resume
An agreement would release $1.1 billion, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations.
Philippines’ inflation slowed to 8.6% in Feb
The biggest contributor to rising prices in February were food items, particularly vegetables, fish and meat.
Majority of Malaysians who migrated moved to Singapore: HR Minister
A total of 1.13 million out of 1.86 million Malaysians who have migrated overseas are residing in Singapore as of 2022, says Human Resources Minister V. Sivakumar.