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Thailand: Agencies to lure SMEs to border SEZs

With large-scale industries reluctant to invest in the border special economic zones (SEZs), Deputy Prime Minister Somkid Jatusripitak has assigned government agencies to come up with more measures and incentives to draw investment from small and medium-sized enterprises (SMEs). Mr Somkid said the Board of Investment (BoI), the Industry Ministry and the National Economic and […]

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ASEAN e-commerce hit by fraud

Southeast Asia’s e-commerce market is well on its way to exceeding Google’s prediction of hitting US$200 billion in value by 2025, with e-commerce players such as Lazada, Shopee, and Tokopedia expanding their efforts in the region to meet ever-growing customer demands. E-commerce growth in Southeast Asia is driven by a high mobile internet penetration rate, young consumers […]

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Philippines: BSP may further cut interest rates

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to slash interest rates two to three more times this year on the back of the continued inflation downtrend as well as slower economic growth. Chidu Narayanan, economist at Standard Chartered Bank, said the BSP would likely reduce interest rates by another 75 basis […]

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Indonesia may end good payouts to fired workers

JAKARTA: When Harijanto needed more workers to make Nike and Adidas sneakers at one of its factories outside the Indonesian capital Jakarta, he couldn’t make the numbers work. Faced with one of world’s most generous payout packages for fired workers and having to navigate a complex minimum wage system, Harijanto said he couldn’t employ the […]

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