‘Every dollar counts’: More Hong Kongers fall on hard times as wealth gap grows
The city’s richest people now make 82 times more money than the poorest, compared with 34 times in 2019.
ECONOMIC AFFAIRS
Indonesia remains ‘light years’ from even development across the regions, says expert
President Joko Widodo, who is stepping down on Oct. 20, has pointed to his landmark projects of building downstream industries and moving the government out to a new capital city,…
Malaysia’s improving economic prospects due to ‘paradigm shift,’ says PM Anwar
The Prime Minister said politicians, civil servants and the private sector have accepted that crucial changes must be made in Malaysia in order for the country to progress further.
Indonesia President Jokowi sees GDP per capita reaching $7,000 in five years
The President expects GDP per capital to grow almost 40 percent to $7,000 over the next five years and nearly 80 percent to $9,000 by 2034, with Indonesia claiming a place as an…
Vietnamese PM, WEF Executive Chairman highlight youth’s role in smart era
Apart from technology, the true opportunity lies in human factors, WEF Executive Chairman said, urging Vietnamese students and youth to equip themselves with knowledge, skills,…
250 million year old fossil unearthed in Cambodia’s Banteay Meanchey
Khvay Aditya, Ministry of Environment spokesperson, said the fossil is one of many discovered in 14 protected natural areas across the provinces of Ratanakkiri, Stung Treng, Preah…
Vietnam’s economy could reach US$2 trillion by 2050: expert
Klaus Schwab, founder and chairman of the World Economic Forum, said this was based on large market size with more than 100 million people.
Japan PM Ishiba instructs Cabinet to compile fresh stimulus package
Mr Ishiba has said his administration’s economic policies will place the highest priority in “pulling Japan out of deflation”.
Thailand 28th in ‘best countries in the world’ ranking
Among the ASEAN countries, Singapore is ranked 14th, Malaysia 38th, Indonesia 41st, Vietnam 44th, the Philippines 45th, Cambodia 68th, and Myanmar 73rd.
Lao government agrees to increase monthly allowance for low-paid workers
In total, including their salary, workers must receive no less than 2.5 million kip per month (US$113).