Seoul ups the ante against ‘ramen inflation’
The retail industry seems to be feeling the pinch from pressure from the government, but many industry insiders downplayed the possibility of the rare meeting yielding immediate…
Policy Matters
Australia plans huge fines if big tech giants fail to tackle disinformation
Under the proposed legislation, the owners of platforms would face penalties worth up to 5 per cent of annual global turnover, one of the highest proposed in the world.
Granting the Jakarta-Surabaya train project to China is dangerous
The writer says before going ahead with the Jakarta-Surabaya railway project, Jokowi must calculate the long-term impact of his decision, including public scrutiny when he is no…
Malaysia to take legal action against Meta over malicious content on Facebook
Despite previous warnings given to Meta on the removal of harmful content, the company had failed to take sufficient action in addressing the issue on its platform.
Pakistan’s National Assembly passes budget to secure crucial IMF funding
The revised budget aims for an additional Rs 215 billion in tax revenue alongside a cutback of Rs 85 billion in public spending.
Indonesia’s textile industry to lay off more workers as export markets continue falling
The measures will come in three possible forms: layoffs, contract termination, or shorter working hours, the last resulting in lower wages.
Band of Indonesia keeps rates unchanged despite hawkish Fed comments
Its effort is currently focused on keeping the rupiah’s exchange rate stable and mitigating potential adverse effects on Indonesia’s economy.
EV fire cases rise with growing adoption of such cars
Although EV fires are relatively more rare than other vehicular fires, they are not insignificant in relation to their small and young fleet.
Why Philippines is seen as less competitive
The paper says the Marcos administration must double down on its efforts as the country competes with other economies for investments and tourism dollars.
Japan PM Kishida vows to do utmost to ensure wage growth
Asked if there was a need to compile an extra budget to shift the economy into higher gear, he said he was “not considering now an extra budget”.