In major policy shift, Singapore announces unemployment support scheme
SINGAPORE — The Lion City is set to launch an unemployment support scheme for workers who have been laid off or are involuntarily unemployed.
Economy asian news
Businesses Are Already Girding for Next Phase of the U.S.-China Trade War
If not for the trade war between the world’s two largest economies, Easy Signs would now be hiring dozens of workers at its factory in Allentown, Pa. It would be readying plans to build a second plant somewhere out West — Salt Lake City was a contender — generating another 100 jobs.
Thai growth quickens in second quarter on higher consumption, tourism
Thailand's economic growth strengthened in the second quarter due to higher consumption, tourism and exports, official data showed on Monday, and the government narrowed its full-year growth forecast range.
US protectionist craze hasn’t done its economy any favours
Most worrying is what Maurice Obstfeld at the Peterson Institute recently called “a deep distrust of economic openness” – a bipartisan consensus that the open trade which has been nurtured by the US for the past seven decades is doing more harm than good to the nation.
New Thai prime minister scrutinising US$14 billion in cash handouts
Thailand’s key economic stimulus – almost $14 billion in cash payments to its citizens – will need further study to ensure compliance with the nation’s fiscal discipline law, newly appointed Prime Minister Paetongtarn Shinawatra said.
Taliban, China partner restart copper project, reigniting worries
KABUL -- A copper-mining project in Afghanistan finally got off the ground last month after a delay of over 16 years, but critics worry that a lack of independent supervision could lead to widespread pollution and the destruction of historical ruins and relics uncovered at the Mes Aynak site.
Thai King Maha Vajiralongkorn appoints Paetongtarn Shinawatra as new PM
Paetongtarn, the kingdom’s youngest ever PM, comes to office after a court sacked the previous premier and disbanded the main opposition party, throwing Thailand’s ever-febrile political scene into a new round of turmoil.
Indonesia’s new capital of Nusantara hosts curtailed Independence Day celebrations
Indonesia marked 79 years of independence on Saturday with a ceremony in the unfinished future capital of Nusantara, which was planned to relieve pressure on Jakarta but whose construction has lagged behind schedule.