Weak Indonesian rupiah to weigh on consumer, pharmaceutical firms this year
Analysts warn the currency could remain under pressure throughout 2025 and suggest investors turn to “defensive” stocks.
Vietnam named among the 20 fastest-growing economies
The World Bank recently forecasted that Vietnam’s GDP growth in 2025 will slightly decelerate compared to 2024, standing at 6.8 per cent. However, the predictions from both…
Rice price for wholesalers in Japan climbs 73% in February; record high for sixth consecutive month
The average price stood at ¥26,485 for 60 kilograms, up 73% from a year before. It was also ¥558 higher, or 2%, from a month before.
A death every two hours on Malaysia’s roads
Even more alarming, a road accident occurs approximately every 50 seconds.
X sues Modi’s government over content removal in new India censorship fight
The lawsuit also comes as Elon Musk is getting closer to launching his other key ventures Starlink and Tesla in India.
Unions in Indonesia decry manufacturing layoffs
Factories across the archipelago have laid off almost as many workers in the first two months of this year as in all of 2024, a labor union says, but the government counters that…
China accelerates consumption-driven growth model
The model focuses on enhancing consumption capacity, releasing consumption willingness, optimising consumption environments, and unlocking consumption bottlenecks.
South Korea’s total debt hits record high, among world’s highest
The figure amounts to 2.5 times the country’s gross domestic product.
McDonald’s to set up global office in Hyderabad, creating 2,000 jobs
Explaining their decision, McDonald’s Chairman and CEO, Chris Kempczinski, stated that Hyderabad offers superior infrastructure, a better quality of life compared to cities like…
Wave of layoffs, deflation herald bleak Eid for thousands of Indonesians
Some 60,000 workers from 50 companies lost their jobs in January and February, according to the Indonesian Trade Union Confederation in a media statement on March 15.