Business operators are crying foul over a new law that caps the share of migrant workers at 20%, saying the regulation poses a “critical obstacle” for small and medium-sized enterprises (SMEs) struggling to cope with labour shortages. The Act on the management of migrant labour will cap their employment at 20% of a company’s workforce, effective […]
Read MoreThe Hanoitimes – Grab stressed the combined market share in Vietnam after the acquisition of Uber`s South-east Asia business is less than 30%. “As a result, Grab understands that related parties do not have to inform the Vietnam Competition Authority before completing the transaction in Vietnam,” Grab announced on April 5. However, the ride-hailing firm was […]
Read MoreMANILA, Philippines — Economists now see inflation surpassing the four percent upper target set by the Bangko Sentral ng Pilipinas (BSP), which may prompt monetary authorities to raise interest rates as early as this quarter. Investment banks have raised their respective inflation forecasts for 2018 and 2019 after inflation leapt to a five-year high of […]
Read MoreMANILA — As the Association of Southeast Asian Nations (ASEAN) gears to develop more infrastructures to provide barrier-free tourism to persons with disabilities (PWDs) in the region, the Philippines expresses its full support to the bloc’s initiative. “The Philippines has always been very supportive and now more than ever vigilant in its promotion of the principles […]
Read MoreThe International Monetary Fund (IMF) in its latest country report on Malaysia concluded that the nation is “well on its way to achieving high-income status,” but still has work to do to “pass the finishing line.” Malaysia’s economy continues to perform strongly, the IMF noted, with higher than anticipated growth at 5.8 per cent in […]
Read MoreThe Hanoitimes – VinaCapital along with Maybank Kim Eng Securities hosted Corporate Day at the London Stock Exchange to showcase some of Vietnam`s most dynamic companies to foreign investors, according to a VinaCapital announcement on March 7. Some of Vietnam’s most interesting companies, including Coteccons, FPT Retail, HDBank, Phu Nhuan Jewelry, Eximbank and VietJet Air were […]
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