Bank of Japan rate hike will help households with high savings, burden those with high debt
Whereas the elderly are expected to benefit greatly from the interest rate hike, younger people are likely to be adversely affected.
Economic Affairs
The economic impact of European tourists in Mongolia
Over the past three years, Mongolia has invested a total of 34–35 billion MNT in tourism marketing—the largest investment of its kind in the nation's history.
Over 1,000 Malaysians in 2km queue for jobs with starting pay of $1.1k
Many had turned up as early as 5am on June 14 to attend an open interview session by a German company at the Holiday Inn hotel in Melaka.
Recruiters protest Saudi skills test requirement for Nepali workers
They say the rule was introduced unilaterally and will add a financial burden on job seekers in Saudi Arabia.
Dumpling prices in Malaysia steady
Faced with the rising costs of key ingredients used in the glutinous rice dumplings, such as shallots and dried shrimps, traders are quietly absorbing increases rather than…
Chinese President Xi voices firm support for Myanmar
President Xi made the remarks during talks in Beijing with Myanmar President Min Aung Hlaing, who is on a five-day state visit to China — his first since assuming the presidency…
High energy costs still haunt Philippines, Southeast Asia neighbours
The International Energy Agency said Southeast Asia is a critical driver of global energy trends, with the region’s growth in demand projected to hit 20 per cent to 25 per cent…
Japan PM Takaichi leads G7 discussion, proposes concrete measures to protect vital supply chains
PM Takaichi prepared meticulously for her debut and is now demonstrating her presence as a “representative of Asia.”
Cambodia, Myanmar look to step up tourism cooperation, increase visitor flow
The commitment was reaffirmed when tourism minister and a delegation from the ministry and the Cambodia Tourism Board (CTB) met with U Kyaw Bohne Naing, president of UMTA and…
Indonesian rupiah slide drives up drug costs, burdening chronically ill patients
Tulus Abadi, chairman of the Indonesian Consumers Foundation (FKBI), said soaring medicine and vitamin prices were an unavoidable consequence of the rupiah’s depreciation,…