Philippine employers say it would be a catastrophe to increase daily minimum wage by P100
A P100 wage increase could cause prices of goods to spiral higher or even force small firms struggling to pay higher salaries to lay off workers.
Economic Affairs
Cambodia’s role in global food security
The uncertainty of the pandemic, ongoing conflicts and the risk of future ones has prompted many nations to prioritise their own food security above exports. However, Cambodia not…
North ignores ‘perfect storm’ in Global South
The end of the era of globalisation did not mean a simple return to the status quo ante. Most economies had been transformed irreversibly by economic liberalisation with dire…
China’s rate cuts hold key to recovery: Experts
The experts commented after a faster-than-expected credit expansion signaled a nascent recovery in the nation's financing demand.
1 out of 5 job-seekers in South Korea aged 60 and above
Officials at the ministry said frequent job searching by the seniors is partially due to the fact that they tend to get short-term jobs. But they also attributed the trend to the…
Indonesia to expand direct flights to raise tourist sector
In a bid to promote the “Two Countries, One Destination” initiative, Cambodia and Indonesia have agreed to enhance ties by establishing direct flights from key Indonesian…
Hong Kong’s financial secretary sees stock market rebound in Year of the Dragon
Financial Secretary Chan says that despite numerous external challenges, there are also opportunities, as changes in geopolitical dynamics and global supply chains prompt many…
Confidence of property buyers crucial for sector to cope with economic volatility
The Thai property sector is expected to remain steady amid various challenges this year, especially the high rejection rate from financial institutions, and the impact of rising…
Bali’s tourist tax comes into force
The fee will have to be paid electronically through the "Love Bali" online portal and will apply to foreign tourists entering Bali from abroad or from other parts of Indonesia,…
Inflation will come under control soon: PM Hasina
PM attributed Bangladesh's economic crises mainly to the turmoil caused by the Russia-Ukraine conflict in global economy, which came after the economic downturn of the Covid-19…