Japanese govt panel submits proposal for ¥31 minimum wage increase
It is the largest increase recommended by the Central Minimum Wages Council, exceeding the previous record of ¥28 proposed in the fiscal year 2021.
ECONOMIC AFFAIRS
Carbon credit offset market booms in Mondulkiri; further growth anticipated
The Cambodian government and its partners have been looking for new markets to sell carbon credits to strengthen conserving natural resources and boost local economies.
Prices keep surging amid growth woes
The trade deficit for Asia’s fourth-largest economy in the first half of this year reached $10.3 billion, the largest ever seen in the six-month period.
Police ‘react’ with violence against Komodo price hike protesters
Tourism businesses in Komodo National Park began a month-long strike as the government imposed an 18-fold price hike for admission to the park's most popular islands, Komodo and…
Is Bhutan’s economy headed for a similar economic crisis like Sri Lanka?
After the Sri Lankan crisis, the latest entry in the list of economies facing acute crisis, is that of Bhutan, which relies heavily on imports.
India’s bullet train cost overrun hits Rs 1.67-lakh crore mark
Although The Mumbai-Ahemdabad High Speed Rail Corridor was initially planned for completion by 2023, the project has witnessed multiple extensions since then.
China begins pilot program to bolster retirement planning
The banks will offer three types of deposit products for retirement planning with maturities of five, 10, 15 and 20 years.
Imports, foreign labels popular amid China’s consumption upgrade
China's cross-border e-commerce sector has been growing exponentially over the past few years, with total imports of consumer goods reaching 1.73 trillion yuan in 2021.
Bangladesh seeking IMF loan but economy not in trouble: Finance minister
The country’s $416 billion economy has been one of the fastest-growing in the world, but rising energy and food prices have inflated its import bill and the current account…
Forex reserves enough for 6-9 months’ food import: Bangladesh PM
Despite having enough forex reserves, the prime minister said the government would have to take steps to grow more crops in order to hold the reserves for emergencies.