They may have been the driving force behind the Asian economic miracle, but hundreds of millions of workers in Asia are facing retirement in poverty as governments in the region have failed to set aside enough money for their pensions, according to a book edited by the Asian Development Bank’s principal economist Park Donghyun.
A rising number of luxury hotels and airlines in Southeast Asia are catering to adult-only tourism, due to rising demand for couples-oriented holidays. The Akyra Chura Samui is the second resort in Thailand to ban children under the age of 12. In July, Malaysia Airlines restricted children from sections of its planes on certain routes.
A reduction in household financial assets dipped Singaporeans’ wealth by 2.5% to $1 trillion from mid-2011 to the middle of this year. The average wealth per adult in the world’s eighth richest nation fell 4% to $258,117.
$1 billion: The amount Cambodia’s branded goods market could be worth by 2020, according to Unilever Indochina Cambodia, a consumer goods company. Over the next seven years, the urbanisation of society, improved communications and transportation links, and increased awareness of products and desire for choice will drive the rapid expansion of Cambodia’s fast-moving branded consumer
Celebrating the mystical power of the moon in Southeast Asia
At a glance, it might be difficult to resist the temptation to come over all Indian mystic and pound out a cosmic rhythm on these handcrafted wooden beauties. But look again, for that is not a pair of tabla you see before you. It is, of course, actually a set of Limited Edition Philips
East Timor will have to bide its time for accession to Asean, as its request to join the ten-member bloc will not be on the table at this month’s 21st Asean Summit in Phnom Penh. Asia’s youngest nation first sought membership in 2007, but the formal application was only submitted to the regional grouping in
The good The bad The peculiar Good: A critically endangered turtle has been returned to its native Cambodia, where it will enter a breeding programme after living in Vietnam for decades. How it ended up in Ho Chi Minh City is uncertain. Bad: Cambodian singer Pov Panha Pich, who was shot twice in 2007 and left critically injured [...]
With the Asean Economic Community due to take effect at the end of 2015, economically stable countries in Southeast Asia are upgrading infrastructure to woo investors and spur growth through jobs.
November’s photos of the month
600: The number of times Indonesia’s most active volcano, Mount Lokon, erupted between July 2011 – when more than 5,200 people were evacuated from the surrounding area – and October 2012. Despite the constant bursts of ash cloud, as of last month there were no plans to upgrade the volcano’s danger level. Mount Lokon’s last
The parents of a 14-year-old girl in Indonesia, who was kidnapped and repeatedly raped by a Facebook friend, have pleaded to the teenager’s school to let her return to class. Media reported she had been expelled after the incident because of her tarnished image.