TEMPO.CO, Jakarta – Freeport Indonesia Workers’ Union has urged the government to intervene in an industrial dispute between the workers and the mining company following the dismissal of 840 employees on May 15. “The move was out of control. Freeport cannot treat employees as they pleased,” Freeport Workers’ Union secretary-general Tri Puspita said yesterday. Tri […]
Read MoreThe baht probably reached its strongest level in mid-April and will reverse course until the end of the year, says a senior official at Kasikornbank (KBank). “According to historical data, the baht normally reaches its peak in the middle of April as a result of seasonal factors,” said Kobsidthi Silpachai, head of capital markets research […]
Read MoreThailand’s economy in the first quarter expanded at the fastest pace in three quarters, driven by recovering exports, an improving farm sector and rising private consumption. But the state planning unit narrowed its 2017 GDP growth outlook to 3.3-3.8% from the 3.0-4.0% range forecast in February, as private investment is unlikely to be as active […]
Read MoreWing, which pioneered the agent-based money transfer business in Cambodia, will expand the model into Myanmar this year, tapping into the Southeast Asian country’s largely unbanked population of 55 million, the company’s chief executive said. Jojo Malolos, CEO of Wing Specialised Bank (Cambodia), said the company signed with Myanmar-based Mingalabar this March and the partners […]
Read MoreHA NOI – Exchange rates will face pressure to rise this year due to an anticipated trade deficit, according to the National Financial Supervisory Commission (NFSC). Vietnam’s trade deficit was forecast at 3.5 per cent of the total import and export value. In the first four months of this year, Vietnam ran a trade deficit […]
Read MoreThe government is predicting Cambodia’s gross domestic product will grow at seven percent this year and next. A Finance Ministry report published last week said there will be solid growth in garment exports, manufacturing and the services industry, alongside modest developments in agriculture. The real estate sector will meanwhile slow down. The government’s growth forecast […]
Read More
Thailand
