Economy News

Economy

Singapore Civil Servants to Receive 1.5 Months Bonus Amid Economic Growth

Singapore's Public Service Division announced that civil servants will receive a year-end bonus of 1.05 months' salary, bringing the total bonus for the year to 1.5 months. The inc...

Economy

Thailand's Digital Durian Initiative: Empowering Farmers with Technology

Thailand's Digital Economy Promotion Agency launches the OTOD Digital Durian initiative to engage over 6,100 durian farming households in adopting digital platforms for recording c...

Economy

South Korea to Impose Temporary Anti-Dumping Duties on Low-Cost Chinese Steel

The South Korean government is moving to impose temporary anti-dumping duties on Chinese steel products, which have been flooding the market at low prices, severely impacting domes...

Economy

Trump's Tariff Threat: BRICS Nations Face 100% Duties Over Dollar Challenge

President-elect Donald Trump has threatened BRICS nations with 100% tariffs if they move away from the U.S. dollar. This move comes as a response to the BRICS alliance's exploratio...

Economy

South Korea's Export Growth Slows to a Worrying 1.4% in November

South Korea's export growth rate has slowed to 1.4% in November, marking the lowest increase in recent months. This decline is causing concerns about the economy's sustainability, ...

Economy

South Korea's Industrial Output Slumps in October, Signaling Economic Downturn

South Korea's industrial production index fell by 0.3% in October, reflecting a broader economic slowdown across various sectors. The decline in industrial production, coupled with...

Economy

Thailand's Generous Handout: $289 for Senior Citizens in January

Thailand's government is launching the second phase of its US$14 billion stimulus program in January, targeting senior citizens with a cash handout of 10,000 baht each. This initia...

Economy

South Korea's Manufacturing Sentiment Plunges to 13-Month Low Amid Export Uncertainty

South Korea's manufacturing sentiment has hit a 13-month low, driven by uncertainty surrounding exports following the U.S. presidential election. The Composite Business Sentiment I...