President Marcos urges Asean to lead for peace in first overseas trip
President Marcos said he chose Indonesia as his first destination because the two neighbours are close geographically as well as in culture and ethnicity.
Economy
Johor F&B businesses recovering and looking to expand
A food and beverage operator said there was a significant increase in customer volume when the Malaysian borders reopened in April.
The right policies can protect the workers of Asia and the Pacific
Decent employment for all and an expansion of social protection and health care should form the foundations of a strong social contract between the State and its citizens.
P1 billion fund allotted for Marawi victims
The fund will be used to compensate tax-free, residential and commercial property owners whose structures were destroyed in the 2017 siege as part of a rehabilitation program.
Indonesia hikes fuel prices to rein in ballooning subsidies
President Joko "Jokowi" Widodo said the decision to adjust fuel prices was a difficult one and was his "last option".
Sri Lanka crisis would deepen if creditors disagree, IMF says amid China concerns
All creditors, including China, have to agree to restructure their existing loans to the island nation before the IMF starts disbursing a US$2.9 billion loan.
India’s external debt of $620 billion sustainable: Finance Ministry report
Experts had said that the external debt of $620.7 billion need not be a concern as $490 billion is non-government and the share of government is only $130.8 billion.
The government should bite the bullet to prevent fiscal time bomb
The writer says Indonesia need a well-designed, permanent fuel reform policy that will gradually bring domestic fuel prices closer to their actual production costs.
Red flag raised as Korea suffers all-time high trade deficit
July 2022 was the first time in 14 years that the nation suffered a trade deficit for five consecutive months, since the period of Dec 2007 to April 2008.
Welcome, rich foreigners: Malaysia
Malaysia’s new “residence by investment” visa scheme, beginning on Oct 1, is set to attract foreign tycoons and wealthy businessmen to invest and give the economy a boost.