Japan govt preparing additional cash handouts for low-income households
The latest handout, amounting to ¥100,000 (US$780) will cover households that were newly exempted from resident tax from fiscal 2022.
ECONOMIC AFFAIRS
South Korea’s longest serving fiscal chief to retire amid mixed reviews
While some say that Hong Nam-ki has uplifted the economy, critics argue he has taken the lead in reckless use of taxpayers’ money despite mounting government debt.
Traditional Indonesian crackers to cost more as inflation continues to bite
Jakarta, like many cities across Indonesia, has seen price hikes in a raft of staple foods this year due to various external factors.
Indonesia eyes smaller budget deficit in 2023 amid surging commodity prices
The fiscal consolidation comes amid the risk of surging global interest rates, following monetary tightening by Western countries.
Hong Kong shopping malls see mini-boom during Easter break
During the holidays, 15 shopping malls affiliated with Sun Hung Kai Properties saw a 50-percent increase in foot traffic and a 30-percent rise in business compared with a month ago
Price ceiling hike for air tickets will not hit inflation
The proposed price would equal the ceiling price applied in 2015 but the Civil Aviation Authority of Vietnam has accounted for the need to protect the interests of passengers.
High demand for foreign workers indication Malaysian businesses doing well: Minister
Resources Minister Datuk Seri M. Saravanan said it was odd for industry players to cite bad business when the demand for foreign workers was high.
Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss
Economic mismanagement by successive governments weakened Sri Lanka's public finances, leaving its national expenditure in excess of its income.
E-CNY designed for retail transactions, not to take place of dollar: Expert
By the end of 2021, China's digital yuan transactions reached about 87.57 billion yuan ($13.75 billion), with 261 million personal wallets opened, according to the People's Bank…
South Korea’s retailers hope for sales recovery as social distancing rules removed
With the return of sample food tasting and lipstick testing, retailers expect a business boost in stores.