Bongbong Marcos team presents 8-point economic agenda
Finance Secretary Benjamin Diokno added that the administration would invest heavily in infrastructure, human capital development and the digital economy.
ECONOMIC AFFAIRS
Seoul to turn Yongsan‘s idle land into tech complex, transportation hub
The Seoul city government currently aims to start constructing infrastructure in 2024 and begin the development of the main sector in 2025.
Farmers grow excess fruit, but processors cannot buy enough
Authorities explained that the fruit quality does not match processors’ needs but there is also a lack of linkages between them and smallholder farmers, creating the gap.
‘Minimum wage is no joke’: Malaysia PM
The RM1,500 minimum wage policy was implemented in Malaysia on May 1.
Debate reopens on South Korea’s 10 year-old supermarket shutdown rules
Under the mandatory shutdown rules, designated to protect mom-and-pop stores nearby from losing sales, supermarkets have closed twice a month for the last 10 years.
S’pore core inflation in June hits 13-year high of 4.4%
Singapore has been trying to rein them in by strengthening its currency, but as June’s numbers show, this remains an uphill task.
Cooking oil ceiling price will be set soon: Inflation task force chairman
The ceiling price, he added, would be based on the current global market price of palm oil.
Indonesia’s record trade surplus ‘unsustainable’ as palm oil prices plummet
The archipelagic nation’s exports to the rest of the world exceeded its imports by US$24.89 billion.
Hong Kong has strong capacity to maintain dollar peg: Financial Secretary
He also predicted that Hong Kong’s economic recovery will continue to face challenges in the second half of the year.
Pakistan set to lift import ban on luxury items
The government is set to begin removing restrictions on the import of “non-essential and luxury items” and provide energy at subsidised rates.