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5.5% salary boost seen for Thai

THAI WORKERS  will enjoy a salary increase of 5.5 per cent in 2019, similar to the previous year, according to a forecast issued by consulting firm Korn Ferry.  In the Korn Ferry 2019 Global Salary Forecast, Thailand is ranked fifth in terms of real-salary forecast – tied with Azerbaijan – at 3.9 per cent, among […]

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Malaysia: ‘Inflation remains moderate’

PETALING JAYA: Inflation has remained moderate since the abolition of the goods and services tax last June, despite the sales and service tax being reintroduced. Data from the Statistics Department showed that inflation, measured by the change in the consumer price index (CPI), rose at a slower-than-expected pace of 0.2% year-on-year (y-o-y) last December. The figure was lower than the 0.3% increase […]

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Philippine economy underperforms in 2018

GDP growth slows to 6.2% The Philippine economy grew at a slower pace in 2018, failing to hit the government’s target but still among the fastest in Asia, the National Economic and Development Authority (NEDA) reported yesterday. In the fourth quarter of 2018, gross domestic product (GDP) growth registered at 6.1 percent, weaker than the […]

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Bangkok Glass turns to M&A strategy to lower risk

Bangkok Glass, part of the Boon Rawd Brewery owned by the billionaire Thai family Bhirom Bhakdi, wants to focus more on mergers and acquisitions (M&A) this year and increase investment weight for construction material to diversify business risk.  Pavin Bhirom Bhakdi, the company’s president and director, said the company is set to invest about 5 billion […]

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