Workers from tech industries receive bonus worth millions of won, prompting the Bank of Korea to warn of the upward pressure to inflation.
South Korea’s Lee says business success should be shared
President Lee Jae Myung says the government will devise a plan to effectively use the surplus tax revenues generated from the country’s semiconductor sector.
South Korea seeks to turn defense exports into growth engine
S. Korea is seeking to transform its defense industry into a national growth engine by linking military procurement, weapons exports and technology.
South Korea Eyes Broader Fintech Participation in Crypto Transfer Services
South Korea may grant fintech firms access to crypto transfer licensing under new foreign exchange regulations set to launch in December 2024.
America’s decline and the new world order: Why Philippine business leaders must pivot now
I tell my clients the same thing in nearly every strategy session: There are only a handful of things a true business leader must obsess about. Your customers, of course. But just as critically, …
Philippines takes center stage as Country of Honor at CAEXPO 2026
The Philippines is set to take center stage at the 23rd China-ASEAN Expo (CAEXPO) in 2026 after being named Country of Honor, a distinction expected to …
Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
Core inflation — which strips out prices of private transport and accommodation — came in at 1.4%, against estimates of 1.7%.
US businessman detained in Myanmar over alleged Chamber of Commerce fraud
A former US Marine and ex-AmCham Myanmar president was detained at Yangon airport Thursday after the chamber uncovered $300,000 in allegedly unauthorised payments linked to former board members. View …
Allianz nears deal for HSBC’s Singapore insurance business
Allianz (ALIZF)(ALIZY) has emerged as the leading contender to acquire HSBC’s (HSBC)(HBCYF) Singapore insurance business in a deal that could value the unit at as much as $2 billion, Bloomberg News …
American businessman detained in Myanmar after alleged financial misconduct
The former president of the American Chamber of Commerce in Myanmar was detained upon his return to Yangon, police said Monday, an arrest that came after the organization said it was looking into …