Vietnam officially launched its domestic carbon exchange on June 29 at the Hanoi Stock Exchange (HNX), marking a key milestone in aligning the country’s economic growth agenda with its commitment to sustainable development.
Category: Economy
The Next Hormuz: Strait of Malacca, Asia’s Unspoken Energy Risk
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Thailand’s Anutinomics: Bringing the 2000s into the 2020s
Thailand has long relied on central economic planning to foster economic growth and address major socio-economic challenges. These policies range from the emergency measures implemented during the 1997 Asian financial crisis (known locally as TomYam Kung), to Thaksin Shinawatra’s ‘Thaksinomics’ reforms in its aftermath, to Prayut Chan-o-cha’s policies aimed at stabilising Thai economy during the COVID-19 pandemic and finally to Prime Minister (PM) Anutin Charnvirakul’s emerging economic agenda.
Philippines Cuts Airline Fuel Surcharge to Lowest Level Since Middle East Price Spike
Air passengers in the Philippines will pay the lowest fuel surcharges in three months from July 1, after the country’s aviation regulator ordered a sharp reduction tied to easing global jet fuel prices.
Cambodia boosts MSMEs through digitalisation for market growth
On June 27, micro, small and medium enterprises (MSMEs) across Cambodia were urged to utilise digital technology by Prime Minister Hun Manet.
Singapore civil servants to receive mid-year bonus on back of strong Q1 growth
Singapore civil servants will receive a 0.45-month mid-year Annual Variable Component (AVC) bonus, as announced by the Public Service Division (PSD) on June 23. Additional one-off payments of up to 400 million US dollars will be rolled out for junior-grade officers, specifically those in Management Executive (MX) grades equivalent to MX13(I) or below, alongside those under the Operations Support Scheme (OSS).
Laos battles entrenched rural poverty as provincial gaps widen
On June 16, the Lao Ministry of Finance, alongside multi-sectoral authorities, held a meeting in Vientiane to review and discuss the newly drafted National Agenda for Rural Development and Poverty Alleviation.
Singapore authorities intervene as over 100 migrant workers claim unpaid wages
On June 22, more than 100 migrant workers converged in front of Singapore’s Ministry of Manpower (MOM) Service Centre, demanding the authorities’ intervention over claims that they have been denied their earnings for at least two months.
Vietnam-Denmark deepen sustainable urban partnership in Da Nang
On June 19, Vice Secretary of the Da Nang Party Committee and Chairman of the municipal People’s Committee Nguyen Manh Hung hosted Danish Ambassador to Vietnam Nicolai Prytz for a bilateral meeting. Both sides are striving to forge a deeper partnership, particularly in sustainable development and green investment.
US-Iran peace pact does little to resolve Southeast Asia’s economic uncertainty
The third official peace talks between the US and Iran on June 14 produced a 14-point memorandum of understanding (MoU), the details of which were released by White House officials on June 17 following its electronic signing by both respective presidents