Indonesia’s new minimum wage regulation angers workers, employers
The new regulation has drawn ire from both workers and employers, who say that it has created legal uncertainty.
ECONOMIC AFFAIRS
Pakistan exceeds target, raises more than $9bn for flood recovery
PM Shehbaz said that apart from the aid Pakistan received for flood rehabilitation, the state had “responded courageously” to the disaster.
Authorities mull measures to address ageing population
Older people, especially richer urban retirees, are increasingly seen by policymakers as potential consumers to drive economic growth.
‘We can’t feed kids at these prices’: School canteen operators ask for subsidies
With the rising costs of ingredients, they claim that they are struggling, especially when their prices are contractually bound by canteen tenders.
Spore’s private property rents for 2022 at highest level since 2013
Surging rents caught many tenants by surprise, with many having to move after their leases were up and landlords hiked prices, said property agents.
IMF delegation to meet Pakistan finance minister on sidelines of Geneva conference
The development comes after PM Shehbaz said an IMF delegation would come to Pakistan in “two to three days”.
China eases Australia coal import ban to boost energy security
The resumption is a reminder of their economic interdependence as Australia's raw materials play a crucial role in fuelling the export-oriented economy of China.
Philippine inflation rose further to 8.1% in December
Inflation in December was the highest since November 2008, and was more than twice as high as the 3.1 percent recorded in December 2021.
Chicken meat may cross beef price as feed crisis sees no end
There has been a sharp spike in the prices of poultry products since Oct 2022 after authorities stopped the release of GMO soybean shipments arriving mainly from the US and Brazil.
Job creation omnibus law may shrink labour market: Businesses
Indonesian Employers Association chairperson stated that a move like this would risk increased unemployment rate for the inexperienced workers.