The stage is set for Papua New Guinea (PNG) to increase its national minimum wage next year, in a move which is seen as providing much-needed redress for the country’s labour pool.
Asia Economy
Displaying 1543 - 1548 of 1877
Economic update | Mongolia takes steps to boost FDI
14 Nov 2013
In a move aimed at reviving flagging FDI levels, Mongolia’s national parliament has approved legislation it hopes will remove uncertainty over investor rights and facilitate the flow of overseas capital into key sectors of the economy.
With the end of an agreement granting Malaysia preferential access to the EU market looming, all eyes are on ongoing negotiations between Kuala Lumpur and Brussels aimed at securing a replacement free trade pact.
Economic update | Indonesia needs a creativity boost
21 Oct 2013
As concerns grow that an over-reliance on resource-related exports could see Indonesia repeat the boom-bust mistakes of its past, the country is being encouraged to accelerate moves to diversify its economy away from commodities and towards areas such as the creative industries.
Economic update | Ratings boost for the Philippines
21 Oct 2013
Citing solid growth, political stability, greater accountability and a low level of exposure to external shocks, Moody’s has joined Standard & Poor’s and Fitch in assessing the Philippines’ sovereign credit rating as investment grade, with the agency holding out the possibility of a further upgrade.
Increased investment in research and development (R&D), combined with targeting niche markets, are two cornerstones of a strategy being rolled out by Brunei Darussalam aimed at encouraging economic diversification.