China’s sluggish economy brings jobless problem for recent graduates
In July, the unemployment rate in China was 5.4 per cent, but for ages 16-24 it was 19.9 per cent, which has been a record high for four consecutive months.
ECONOMIC AFFAIRS
Short-distance trips to boost holiday tourism
Travel agencies estimate these holidays will provide the strongest boost for the industry's recovery after the market showed a lacklustre performance in the first half of this…
Japan’s budget requests exceed ¥110 trillion, hitting 2nd-highest
The total is likely to swell further during the budget compilation process toward the year-end as agencies have requested spending on items without specifying how much they need.
Malaysia’s vegetable prices expected to soar due to continuous rain
The Malaysian Meteorological Department forecast that the rainy season would continue for the next few months.
Protesters call on Indonesian government to reverse fuel price hike
Thousands of police were deployed across Jakarta, many guarding gas stations, fearing those could become targets of mounting anger.
Marcos thanks Singapore OFWs: We’ll improve Philippines in return
He noted Singapore was the second-highest source of overseas Filipino workers remittances in 2021, generating around $2.2 billion.
Rupee has held its own despite sharp depreciation in other currencies: RBI governor
He further indicated that the central bank’s monetary policy, going forward, will be “watchful, nimble-footed and calibrated”.
4 of 5 chip experts say Korea faces ‘worst crisis’ in decade
Combined with industrywide risks, the increasing competition posed by Chinese entities is stoking fears of a downturn that could last more than two years.
End of Covid-19 aid draws disbelief Philippine economy has recovered
Finance Secretary Benjamin Diokno also said said that the economy has already recovered and is now back to where it was before the pandemic.
China’s services sector continues to recover
A senior economist said the economy is slowly recovering from a widespread outbreak of Covid-19 in the first half of the year, though it remains under pressure.