Cambodian workers’ monthly minimum wage for 2023 raised to $200
Workers will still receive other benefits like they have in the past, like $7 travel and housing allowance per month and regular attendance bonus of $10 per month.
ECONOMIC AFFAIRS
Fuel price hike takes toll on Jokowi’s popularity
The government said it had no choice but to cut subsidies to rein in ballooning energy subsidies despite the risk of mass protests and amid rising food costs.
Marcos woos investors in New York, cites ‘mutually beneficial’ investment climate in Philippines
In a public statement delivered at the New York Stock Exchange, he touted how the Philippines recently enacted policies to further liberalize the economy and welcome more foreign…
In US visit, Marcos cites role of overseas Filipino workers in recovery
Marcos said that dollar remittances from overseas Filipino workers (OFWs) hit an all-time high of $34.88 billion in 2021.
Indonesia rallies regions for ‘war’ on inflation
Experts have warned that the government's decision to increase the prices of subsidized fuels and some unsubsidized fuels would add to inflationary pressure in the coming months.
Extra funding plea for Malaysia’s healthcare system
The Health Ministry is seeking for public health expenditure increased gradually to 5 per cent of Gross Domestic Product, from the current 2.58 per cent.
RM2 million allocation for hardcore poor Indian students approved
PM Ismail Sabri also announced that the Malaysian Indian Community Transformation Unit fund was to be placed under the Prime Minister’s Department.
IMF to support Pakistan’s flood relief, reconstruction efforts ‘under current programme’
Floods from record monsoon rains and glacial melt in the mountainous north have affected 33 million people and killed more than 1,540 since June 14.
Sri Lanka to present debt restructuring, IMF bailout plans to creditors
The country’s borrowings are so complex that estimates of the total range from $85 billion to well over $100 billion.
Vietnamese ministry proposes tariff cuts to bring down petrol prices
The ministry of finance also said it will consider lowering the current tax on ethanol from 15 per cent to 10 per cent for some ethanol products.