Short-distance trips to boost holiday tourism
Travel agencies estimate these holidays will provide the strongest boost for the industry's recovery after the market showed a lacklustre performance in the first half of this…
Economy
Thai government freezes price of LPG cooking gas
The government hopes this will lessen the impact of rising energy prices.
After Chuseok holiday, Koreans to face further restaurant inflation
The average price of gimbap, a budget-friendly meal, surged 2.6 percent to surpass the 3,000 won ($2.2) mark as of August compared to a month earlier.
Hong Kong once again ranked as world’s freest economy
In its Economic Freedom of the World 2022 Annual Report, the institute said that Hong Kong continued to rank top in "Freedom to Trade Internationally" and "Regulation".
Govt will likely provide ¥50,000 handouts to low-income households
With the lingering impact of price increases, they will emphasise energy and food products as a key area for countermeasures.
Japan’s budget requests exceed ¥110 trillion, hitting 2nd-highest
The total is likely to swell further during the budget compilation process toward the year-end as agencies have requested spending on items without specifying how much they need.
Half of Asia-Pacific workforce surviving on $5.5 per day
The region’s workforce is insufficiently productive, healthy, and protected, although progress has been made since 2015, a report by the UNESCAP states.
Bongbong Marcos reaps $14.36 billion in investment pledges abroad
These, he said, were in sectors of renewable energy, data centres, e-commerce, broadband technology, startups, government housing, and agriculture.
China’s foreign trade to expand steadily in coming months
“Bilateral and multilateral free trade deals will be practical tools for China to put its foreign trade growth on a firmer footing”, stated an industry expert.
India can’t remain dependent on global supply chains for semiconductors
Semiconductors have become crucial for almost all sectors of the economy and India cannot remain dependent on the global supply chains for it, said Gautam Adani Group’s chairman.