Asia

MANILA, Philippines – Minimum wage workers in Metro Manila are set to receive a P85 daily pay increase, the largest ever approved by the National Capital Region (NCR) wage board. The Department of Labor and Employment described the wage increase as “historic,” saying it would benefit more than 1.1 million workers in the capital region. The adjustment will raise the daily minimum wage in Metro Manila from P695 to P780. The increase, touted as the biggest single wage increase for NCR

Sensex, Nifty, Share Prices LIVE: Benchmarks opened higher on Tuesday morning but pared early gains amid monthly derivatives expiry and continuing uncertainty over US-Iran negotiations. At 10:01 am, Nifty shed 65.50 pts (-0.27%) to 23,880.75, while Sensex dropped 171.21 pts (-0.22%) to 76,557.16

The fire was first spotted around 2.45 am, they said, adding that it quickly spread to Chiranjibpur in ward 13 of Haldia Municipality, engulfing several houses

Akasa Air said heavy rainfall in Mumbai could lead to delays across its network and urged passengers to check their flight status before leaving for the airport

Starting July 1, the RBI will require bank guarantees issued to firms trading in capital markets to be fully backed by collateral, with at least half in cash

Nepal has culled more than 600,000 birds and destroyed around 1 million eggs as an H5N1 bird flu outbreak spreads across the Kathmandu Valley, shutting the capital’s only zoo and raising fears among scientists over the virus’ potential to mutate into a form transmissible between humans. The outbreak began in eastern Nepal in March before reaching the densely populated valley around mid-June – a development that health experts say raises the risk of human exposure. More than 60 poultry farms...

Spot gold was down 1% at $3,975.04 per ounce

The orders span the power Transmission & Distribution (T&D) business in India and overseas market, the buildings and factories business in India as well as in the water business in West Asia

Policy provides purchase incentives for electric vehicles priced below ₹30 lakh through a 100 per cent exemption on road tax and registration fee

The company said the research could help millions of people suffering from brain lesions and other conditions that prevent them from communicating

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Malaysia has never had so many Chinese tourists. It wants more As Thailand loses its allure, Malaysia turns to viral algorithms to entice millions of independent Chinese travellers. 2. Pakistan rattles India with new Chinese-built stealth submarine The last time...

Reliance Industries quietly worked to overcome regulatory hurdles, attract strategic investors and pave the way for Jio Platforms’ proposed public listing

The company said it has acquired a 47-acre land parcel in South Chennai through an outright purchase

A passenger jet reported striking a drone while approaching JFK International Airport on Monday, and just hours later, a helicopter pilot alerted a close call with a remote-control plane near the same airport. The Federal Aviation Administration is investigating the first incident that happened as a JetBlue plane passed through 3,000 feet (914 metres) Monday morning while it was crossing the coastline. The plane landed safely in New York without any additional help, and no damage was found when.

Nifty 50 June Futures can fall to 23,750 on a break below 23,840

JAKARTA, June 30 - Indonesia has scaled back its basic military training for prospective managers of President Prabowo Subianto's village cooperative programme, a defence ministry spokesperson said on Tuesday, after five participants died in the first two weeks of the 45-day training programme.

Forex traders said the losses for the rupee were partly cushioned by relatively stable crude oil prices globally.

The stock remains below its 52-week high of ₹25.78, hit on June 18, while comfortably above its 52-week low of ₹17.20 from March 30

“The relationship we have between the United States and India is not only important for our two countries; I think it’s important for the world,” Daines said

ICG Ship Sachet intercepted and responded to a VHF RT distress call from the fishing boat that reported severe flooding and hull damage due to rough sea conditions