US commercial property crisis looms over Korea
The total amount of overseas commercial real estate exposures (risks inherent in investments) by the five major Korean financial companies has reached 20.39 trillion won so far.
Economic Affairs
Slashing pensions a brave move but Malaysia government risks ‘political suicide’, say analysts
Pension payments for more than 900,000 retired civil servants are expected to cost the government over RM32 billion (US$6.7 billion) in 2024, accounting for more than 10 per cent…
PM Srettha ready to listen to all opinions on digital wallet scheme
PM Srettha, who doubles as the finance minister, said the move was in response to suggestions from the National Anti-Corruption Commission and the Council of State, which is the…
Singapore key exports rise 16.8% in January; fuels optimism for recovery, albeit a choppy one
The expansion in January came after a 1.5 per cent drop in December, and exceeded the 4.3 per cent growth forecast by economists polled by Bloomberg.
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.
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…