The Lao government has stressed the need to tighten the management of currency exchange rates amid the widening gap between the official and market rates. In a media release issued at the end of the cabinet’s monthly meeting on August 19, the government said the increasing gap between the official and market exchange rate is […]
Read MoreMANILA, Philippines — Manufacturing conditions improved at a modest pace in August as firms ramped up input purchasing and hiring during the month, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers Index (PMI). The headline PMI for Philippine manufacturing fell to 51.9 in August, down slightly from 52.1 in July but is still […]
Read MoreAccording to data compiled by the International Labour Organization (ILO), the average person in Brunei Darussalam clocks in 47 hours in an average working week – the same as in Pakistan and Bangladesh. Brunei is among the countries where people work the most hours in a week. In the Netherlands, the average person works 32 […]
Read MoreKUALA LUMPUR: The ringgit fell against the US dollar in early trading today on weaker demand, in line with the declining global oil price. At 9.04 am, the ringgit was at 4.2200/2250 against the greenback from 4.2030/2080 last Friday. A dealer said oil prices fell after the new import tariffs imposed by the United States […]
Read MoreThe Hanoitimes – Experts attributed the success in the fight against the dollarization in the economy to the central bank’s effective policies, including the zero percent dollar deposit interest rate and the foreign exchange stability. Vietnam’s anti-dollarization policies have taken effect with the level of dollarization in the economy continuing to decline sharply in recent […]
Read MoreCompany directors in Myanmar now face legal repercussions if they fail in their corporate duties under the new Myanmar Companies Law, which came into force last August. Articles 165-172 of the Companies Law includes a set of directors’ duties, aimed at ensuring that a company is properly run and managed in the best interests of […]
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Thailand
