The Labour Ministry has stood firm on its plan to lift the monthly contribution ceiling to the Social Security Fund (SSF) from 750 baht to a maximum of 1,000 baht a month. The contribution rate will still be the same at 5% of monthly salaries, but the maximum salary used to calculate the 5% individual […]
Read MoreIndustry Minister Airlangga Hartarto has said that the government is planning to impose 7.5 to 10 percent import tariffs on downstream products in an effort to curb imports. For raw materials, the import tariffs will be 2.5 percent. “We are still studying the HS (harmonized system). We [will] keep the tariffs for the raw materials low while the […]
Read MoreThe Hanoitimes – Many foreign companies are planning to pour more investments for expansion in Vietnam in the long run after gaining good business performance in the fruitful market. Thailand’s Siam Cement Public Company Limited (SCG) has recently shown its ambition plans to increase investments in the Vietnamese market, acquiring a stake in Long Son Petrochemical […]
Read MoreMANILA, Philippines — The Philippines’ manufacturing activity registered a “quicker” pace of growth in August, sharing the second place with Indonesia while factory growth in Southeast Asia regained some momentum in the middle of the third quarter, according to monthly tracking done by IHS Markit for Nikkei, Inc. The Philippines chalked up a “modest increase” of 51.9 Purchasing Managers Index, […]
Read MoreCambodia is prioritising the adoption of new technologies in manufacturing and encouraging investment in sectors that are undergoing rapid technological innovation, according to a senior government official. Phan Phalla, Undersecretary of State at the Ministry of Economy and Finance, said yesterday that Cambodian policymakers are focusing on ensuring the nation is in a good position […]
Read MoreSINGAPORE (BLOOMBERG) – With great wealth comes great remuneration. Competition to manage the money of Asia’s burgeoning army of millionaires has pushed pay hikes for wealth managers to the highest in more than a decade. Those willing to jump to a rival are getting increases of 30 per cent or more in Hong Kong and […]
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Thailand
