The Federation of Thai Industries (FTI) has strongly opposed a sharp minimum wage hike, a campaign promise of many political parties, saying small and medium-sized enterprises (SMEs) will suffer the most from the policy as it will alter the market. The federation proposed its white paper to five political parties yesterday, requesting support for business operators […]
Read MoreVIETNAM’S sea tourism sector has reported annual growth of only two to three per cent, while other Asian countries have witnessed robust growth in cruise tourism in recent years. Last year, Saigontourist Travel Service Co provided services to about 474,000 cruise travellers, up 12 per cent compared with 2017. In the first two months of […]
Read MoreThe new regulation on the export of palm crude oil (CPO) and its derivative products has taken effect and is part of the government’s plan to simplify the export procedures of the country’s major commodity. On Monday, the Trade Ministry announced the revocation of Trade Minister Regulation No 54/2015 on technical verification of exported palm […]
Read MoreCambodia’s tobacco industry saw a decrease in cultivation last year, despite the Kingdom being granted duty-free and quota-free exports of tobacco leaves to Vietnam, according to Ministry of Agriculture, Forestry and Fisheries data. Cambodia produced 7,454 tonnes of tobacco last season, an 18 per cent decrease from the previous season’s 9,089 tonnes, while cultivation fell […]
Read MoreKUALA LUMPUR: Retail Group Malaysia (RGM) forecasts a 4.5% growth in retail sales to RM108.30bil in 2019, despite a lacklustre start in January-February, due to the Hari Raya Aidilfitri festivities and an increase in economic activities in the later part of the year. In its retail industry report issued on Tuesday, RGM said in the […]
Read MoreECONOMISTS cautioned on Monday that Singapore’s exports are not out of the woods yet, even as shipments defied expectations to rebound in February after three straight months of decline. Last month’s positive export figures was mostly due to a favourable base effect, and not a signal that the worst is over on the trade front, […]
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