Wage hike granted in 2024 benefits 5M workers in 14 regions in the Philippines
Data from the Department of Labor and Employment (DOLE) showed that 4,907,584 minimum wage earners have been granted daily wage increases ranging from P21 to P75.
ECONOMIC AFFAIRS
Spurring consumption among priorities of China’s policymakers
Nine measures have been listed to boost growth as part of a macroeconomic strategy.
Singapore’s economy exceeded expectations, grew 4% in 2024: PM Wong
In his first New Year message on Dec 31 as prime minister, he said the collective effort of Team Singapore made all the difference – be it overcoming crises, supporting one…
Vietnam’s GDP predicted to surpass Singapore’s in 2029
By 2039, Vietnam’s GDP could rise to $1.41 trillion, ranking 25th worldwide and becoming Southeast Asia’s third-largest economy, following Indonesia and the Philippines.
More jobs, higher wages in Malaysia in 2023 but experts say must address lack of women in workforce
Experts highlight the need to improve productivity and adopt technology while also addressing the lack of women in the workforce and their limited progress into leadership roles…
New Philippine polymer banknotes more effective against counterfeits
The country's central bank was defending its decisions after the fresh polymer banknotes met backlash from the public, who questioned why portraits of national heroes from the old…
IMF sees 36% of Philippines jobs eased or displaced by AI
The Washington-based institution estimated that 36 percent of jobs in the country are “highly exposed” to AI, which can either replace human workers or “complement“ tasks…
November marks 5th consecutive month of export growth for Thailand
In the first 11 months of the year, the country’s total exports reached $275.76 billion, a 5.1% increase from 2023. Imports, meanwhile, amounted to $282.03 billion, leading to a…
A local unit in Nepal spends millions on temporary bridges which are washed away every monsoon
Tribeni Municipality remains disconnected from the national road network every rainy season due to lack of a permanent bridge over the Budhiganga river.
Employers in Laos failing to pay new minimum wage
Some privately owned companies in Vientiane are still not paying the new minimum wage, including factory owners, who say that because workers are unskilled they should not receive…