The Ministry of Labour has expressed confidence that orders in the garment industry will increase next year due to improved working conditions and the introduction of a higher minimum wage for the sector. Minister of Labour Ith Samheng said foreign purchasers were satisfied with what Cambodia had achieved when it comes to worker welfare and […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) lost steam in September to post a 1.1 per cent decline after months of increase capped by a 16.7 per cent year-on-year surge in August. The drop was even more stark month on month, with the NODX plunging by a seasonally adjusted 11 per cent. The NODX was up 4.2 […]
Read MoreTEMPO.CO, Jakarta – Indonesia’s retail industry growth stood at 3.7 percent as of the end of the first half of 2017, said the Indonesia Retail Business Association (Aprindo) chairman Roy Nicholas Mandey. He predicts that the full-year figure will hit 7.5 to 8 percent. “It’s lower than the first half of 2016 that grew 9 percent,” Mandey told Tempo […]
Read MoreThe government will require 14.23 trillion kip in response to a budget deficit for 2017 after finding that the country will face a revenue shortfall again this year. The Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy was speaking at the National Assembly’s Ordinary Session in Vientiane yesterday, describing the government’s plans to […]
Read MoreJAKARTA: Indonesia’s central bank said on Monday it will allow transaction settlement for bilateral trade between Indonesia, Malaysia and Thailand to be conducted in local currencies. The new regulation is aimed at reducing dependency on the US dollar and limiting exposure to volatile foreign exchange rates. The rule, which goes into effect on Jan 2 […]
Read MoreHANOI — The Ministry of Finance’s proposal to impose 10 per cent value added tax (VAT) on the transfer of land use rights has met with objections, as it might increase land prices. According to Nguyen Manh Ha, vice chairman of the Vietnam Real Estate Association, the VAT proposed by the ministry in a recently […]
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Thailand
