S’pore’s heartland shops go cashless, refresh shopfronts and step up marketing
88 per cent heartland enterprises have taken up at least one form of e-payment method as at May 2022, an increase from 53 per cent in Oct 2020.
ECONOMIC AFFAIRS
Wealth transfers to Koreans aged under 30 up 106% in 2021
An average of 170 million won was given to an individual in their 20s, in their teens or those under 10.
Economic impact of Taiwan flare-up seen as manageable, but risks linger for S’pore and region
Analysts stressed that it is the long-term impacts of geopolitical conflicts that should be the focus of both businesses and policymakers in Asia.
As the cost of living goes up, food delivery riders plan strike for Aug 5
Vice-president of Malaysian P-Hailing Riders’ Association Abdul Hakim Abdul Rani said riders are feeling the pressure to complete more deliveries per day just to meet their…
Russia becomes India’s 3rd largest coal supplier
India's imports from Russia have jumped nearly five times to over $15 billion ever since Russia invaded Ukraine.
Merdeka 118 Tower – set to be region’s tallest – to open mid-2023
Spanning over 3.1 million sq ft of floor area, the Merdeka 118 tower includes 1.7 million sq ft of net lettable area of premium Grade-A rentable office space.
12.2 million Filipino families felt ‘poor’ in Q2 of 2022: Survey
This figure, according to the Social Weather Stations, points to an increase from the 10.9 million Filipino families who felt “poor” during the first quarter of the year.
South Korea’s inflation at near 24-year high in July on high energy, food prices
Consumer prices soared 6.3 per cent last month from a year earlier, accelerating from a 6 per cent on-year spike in June.
As Duterte stepped down, more Filipinos tighten belts to make ends meet
The percentage of Filipino families, who rated themselves poor, hit 54 per cent, or 13.1 million households, in December 2019, the highest in five years.
India’s average inflation rate highest in 2022, at 6.82%, since 2014
The overall increase in CPI based inflation is broad based and major contributions is due to increase in food and fuel related indexes.