Philippine unemployment rate down to 4.2% in Oct
However, more people sought additional working hours to augment their income, an indication that job quality declined during the month.
Economy
Thai business leaders seek power infrastructure reform, economic collaboration
Kriengkrai Thiennukul, chair of the Federation of Thai Industries (FTI), estimated that the new rates would immediately increase manufacturing costs by 17 per cent.
Bangladesh overdue liabilities of several billion dollars
Clearance of the payments is likely to put a further strain on the reserves, which has been dropping over the last two years, said Ahsan H Mansur, executive director of the Policy…
Bangladesh reserves remain under pressure
The fund from the IMF and the ADB would create some breathing space but the pressure point on the Balance of Payments will remain high, said Zahid Hussain, a former lead economist…
As Tibet restricts Indian pilgrims, Nepal sees a boom
The holy travel season begins in April and lasts until October. Mid-June to early September is monsoon season in Tibet, but it is the peak season and the most expensive period to…
China capable of defusing debt risks: Experts
The plan to issue additional government bonds of 1 trillion yuan, announced in October, is conducive to increasing local governments' fiscal space, and will add momentum to…
High prices of onion, tomato drove up cost of thali in November
Unseasonal rainfall during November had damaged the onion and tomato crops which led to a shortage of the two commodities in the market and triggered the price rise.
Half of young people struggling financially: Seoul
The study revealed that most of Seoul’s youth population first resorted to personal relationships to overcome economic hardships, then turned to resources further afield.
Indonesia becomes largest importer of Thai rice
Deputy Commerce Minister Naphinthorn Srisanpang also said that the drought has impacted Indonesia’s rice-growing areas, especially in Java and parts of South Sumatra.
Hong Kong poised for 2024 recovery amid external challenges: Financial secretary
Legislative Council Panel on Financial Affairs Paul Chan Mo-po also said that the city’s property market is in a period of orderly adjustment, as the high interest rates have…