The Hanoitimes – As Vietnam’s labor cost is equal and even higher than other countries, the country will have to replace the cheap labor advantage for the skilled workforce advantage in the coming time to raise the competitiveness. Some foreign investors in labor-intensive industries are slowing their expansion plans in Vietnam and finding other countries […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said monetary authorities have more leeway to ease this quarter amid the country’s easing inflation and the dovish US Federal Reserve. BSP Governor Benjamin Diokno said further improvement in the domestic inflation outlook and the anticipated move of the US Fed to cut its own key […]
Read MoreSINGAPORE’S construction sector faces increasing risks of a protracted slowdown in growth in the medium term, due to the poorer global economic outlook over the next few years, Fitch Solutions Macro Research said in a report on Monday. The sector will see growth weakening to 2.7 per cent in 2020 and 0.5 per cent in […]
Read MoreThe minimum wage hike has emerged as the latest hot potato for the ruling Palang Pracharath Party (PPRP) after labour groups piled pressure on the government not to backtrack on its election promise. Meanwhile, the Democrat Party has urged the government to adopt its income guarantee initiative to help achieve the target of raising the […]
Read MoreMore manufacturers have relocated from China to Southeast Asia over the past few years, largely because labour costs on the mainland have become less and less competitive. The trend has been reinforced by the China-US trade war that began in 2018. A new research report by the property consultancy JLL indicates that Vietnam, Thailand and […]
Read MoreKUALA LUMPUR: SME Bank Malaysia Bhd, which is embarking on a two-year transformation programme, is targeting to approve RM3.5bil in financing to small and medium enterprises (SMEs) this year. Group president and CEO Aria Putera Ismail (pic) said the amount, which it is targeting to approve, is higher than last year’s figure of RM1.8bil. Since […]
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Thailand
