Japan’s labour ministry to gather data on foreign workers
According to the ministry, there were approximately 1.727 million foreign workers in Japan as of October 2021, a record high for the ninth consecutive year.
Economy
Over 500,000 expats returned home after losing jobs amid Covid-19 pandemic: Minister
The Bangladesh Expatriates' Welfare and Overseas Employment minister also said that a total of 1.05 million female migrant workers were working in 84 countries across the world.
Bangladeshis may soon be able to live in Bali tax-free and work remotely
The new 'digital nomad visas' will let remote workers live in the island tax-free for up to 5 years.
Bankrupt Sri Lanka seeks discounted Russian oil
The government meanwhile extended a two-week closure of non-essential state institutions until further notice in order to save fuel, maintaining only a skeleton staff to provide…
How cryptocurrency thrives in crisis zones
Their relative anonymity offers a haven for criminals, extremist groups and sanctioned governments — but champions say they also support citizens caught up in crises.
Korean Won sinks to 13-year low, drags Kospi further down
Aggressive moves by the US Federal Reserve to tame the red-hot inflation, at the risk of an economic downturn, were believed to have prompted the sell-off of Kospi by foreigners.
Bangladesh slashes rice import tariffs to 25%
The move comes in the wake of a spike in the price of rice even during peak harvesting season amid speculation of crop losses from floods and unfavourable weather.
US recession will drag Asia’s growth but the region may avoid a sharp downturn, analysts say
Asian economies, including Singapore, could get more help from a possible counter-cyclical economic recovery in China and the low interest rate policy in Japan that favours growth…
Malaysian government to retain original cooking oil subsidy
However, additional subsidised cooking oil supplied during the movement control period will be removed.
Tough economic choices face incoming Marcos administration
As policymakers debate the use of remedial measures to ease the pain of high fuel costs, senior economist Mapa warns against distributions that could aggravate inflation.