Last year, in a bid to curry favor with the more than 700,000 garment workers in the country ahead of the election, Hun Sen oversaw the raising of the minimum wage to $170 per month and provided additional benefits such as free transportation and medical care. PHNOM PENH — The Cambodian government has announced it would […]
Read MoreThe Bank of Thailand forecasts that Thailand’s ageing demography will dampen the country’s annual GDP growth by 1.5 percentage points over the next 10 years. Thailand’s labour growth rate averaged 5% over the past 10 years, but such growth is expected to decline to 3.5% a year in the next decade, said Don Nakornthab, senior director […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth pace likely slowed again in the second quarter of 2018, a Reuters poll showed. The median of forecasts from 14 economists is for annual growth of 5.2 percent in April-June. That would be a dip from January-March’s 5.4 percent and make the latest quarter – during which Malaysia surprisingly got […]
Read MoreSean Turnell, economic advisor to the State Counselor, believes the depreciating value of the Myanmar kyat is nothing to be alarmed about. Since May, the dollar has risen by almost 10 percent against the Myanmar kyat. On August 15, the Central Bank of Myanmar set its daily reference rate at K1,475 against the dollar, which […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers contracted in June, tumbling to the lowest level in three months amid the decline in the deployment of Filipino workers due to the government’s repatriation program in the Middle East, the Bangko Sentral ng Pilipinas reported yesterday. BSP Governor Nestor Espenilla Jr. said personal remittances consisting of cash and […]
Read MoreMANILA, Philippines — The Association of Southeast Asian Nations (ASEAN) needs to enhance coordination and response to emergency food aid requirement using its rice reserves especially in times of calamities, according to a new policy brief by the Asian Development Bank Institute (ADBI). In a recently published brief titled “Building Food Security in Asia through International Agreements on Rice Reserves,” the […]
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