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Brunei scores high in healthcare initiatives

THE results of an array of regional and international studies focussed on a range of different fields released in June included Brunei Darussalam in their findings. One such study was Mercer’s 25th annual Cost of Living Survey 2019, in which Bandar Seri Begawan was ranked the 102nd most expensive city for employees working abroad – up four […]

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Indonesia: Tanjung Priok to start 24/7 operations to boost exports

Transportation Minister Budi Karya Sumadi has said that the government plans to operate Tanjung Priok Seaport in North Jakarta, the country’s largest port, for 24 hours seven days a week in trying to boost exports. He said all sections at the port – the port office, customs and excise office, immigration, port operator, banks and other stakeholders – would also be […]

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Malaysia: Banks’ lending activity remains robust

PETALING JAYA: Banks are not restricting lending activities amid concerns that lenders have been reluctant or stringent in their financing. While emphasising on the importance of financing to different customer groups, commercial banks said the disbursement of loans were in line with responsible lending guidelines and balanced against their risk metrics. House buyers, according to […]

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Bangkok Airways expresses interest in opening routes to Bagan

Bangkok Airways, a Thai regional airline, is interested in opening a direct route between Bangkok and Bagan, which has just been accorded the World Heritage Site status by UNESCO. Bagan, an ancient site of Buddhist temples, monasteries and fortifications in Mandalay Region, already popular with tourists, could see more interest now that it has finally […]

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Philippines: GDP growth to accelerate next year — HSBC

MANILA, Philippines — British banking giant HSBC expects a faster economic growth for the Philippines next year as almost half of the flagship priority projects under the government’s Build Build Build program go on stream. Joseph Incalcaterra, chief economist at HSBC, said the Philippine economy may expand by 6.4 percent next year. “Our assumption for […]

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Cambodia issues new rules on contracts and compensation

In 2019, Cambodia’s Ministry of Labour and Vocational Training (MLVT) has been active in amending the Labour Law and revising long-standing practices. These amendments and revisions have brought much-welcome clarity to employers on requirements of the MLVT and interpretations of the Labour Law, and have further provided meaningful benefits to employees. Foreign Workers and Employment […]

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