After months of deliberation, Laos’ Prime Minister Thongloun Sisoulith announced this week that the country’s minimum wage will increase from 900,000 kip ($108) to 1.1 million kip per month. This rise is set to take effect from early next month. The Lao Federation of Trade Unions (LFTU), a state-sponsored union organization, had petitioned for the minimum wage […]
Read MoreIt might be the most dynamic region in the world but the Asia Pacific isn’t meeting its economic potential, and some of that has to do with gender equality, according to the McKinsey Global Institute. Targeted policies to achieve more women’s equality in Asia-Pacific economies could add $4.5 trillion to the region’s combined annual gross […]
Read MoreTHE VAT treatment on supplies of digital goods and services continues to be an area of focus and rapid changes in many countries, affecting businesses around the world. In keeping with this trend, the Thai government is working on developing amendments to the current VAT law that will capture digital services. The second draft of […]
Read MoreMANILA, Philippines — Digitalization is set to boost the country’s domestic output as financial technology (fintech) innovations continue to promote inclusive growth, according to the Bangko Sentral ng Pilipinas (BSP). In his speech during the 39th National Conference of Employers, BSP Governor Nestor Espenilla Jr. said the country’s gross domestic product (GDP) growth may expand […]
Read MoreConcerns of falling demand are mounting among vehicle spare parts traders following the government’s new import policy announced in January, which permits only imports of new left-hand-drive vehicles The new policy has dealt a blow to the once thriving industry, which had catered mainly to owners of second hand, right-hand-drive Japanese cars. In Myanmar, spare […]
Read MoreThe Hanoitimes – As one of the fastest growing E-commerce markets globally, world leading companies are vying for Vietnam`s market share. E-commerce currently accounts for 0.5% of the fast-moving consumer goods (FMCG) market in the four key cities, according to “The Future of E-commerce in FMCG” report released by market research firm Kantar Worldpanel. Consequently, the […]
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Thailand
