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Indonesia market still down

SINGAPORE: Indonesia’s market rout shows no signs of abating, with its two-year bonds the latest to be dumped in anticipation that the central bank may need to raise rates to defend its currency. The yield on the two-year debt soared 25 basis points to 6.63%, set for its highest close in 10 months as the […]

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Average wages of Malaysians on the rise

PUTRAJAYA: Malaysians on average took back RM2,880 a month last year, an increase of 8.1% as compared to 2016. According to data from the Statistics Department, the average monthly salary was RM2,657 in 2016, which was higher by 6.6% compared to 2015. In 2017, the median monthly salaries and wages received by employees rose 7.7% […]

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IMF cautions Philippines on rising consumer prices

MANILA, Philippines — Policymakers must closely monitor rising consumer prices, with Philippine inflation seen to keep going up to breach the central bank’s target, the International Monetary Fund said on Wednesday. “Inflation should remain within the target band… but the authorities will need to watch carefully for building inflation pressure, as well as rapid credit […]

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Thailand: Talent shortage threatens growth

Already a major issue, skilled talent shortages will continue to impede growth, and if not addressed could have a significant impact on major Asia-Pacific economies by 2030, according to a study by the global organisational consulting firm Korn Ferry.  “Companies must work to mitigate this potential talent crisis now to protect their future,” said Michael Distefano, […]

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Malaysia: MAHB signs MoU with UiTM for Airport 4.0

MALAYSIA Airports Holdings Bhd (MAHB) has signed a three-year memorandum of understanding (MoU) with Universiti Teknologi Mara (UiTM) to help facilitate its digitalisation Airport 4.0 programme. MAHB MD Datuk Mohd Badlisham Ghazali said the company aims to improve its capacity as well as employees’ skills with this venture. “We need to increase our employees’ digital […]

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