The minimum wage was introduced to Thailand in the mid 1970’s as a way to protect against basic labour being taken advantage of and provide a guaranteed minimum wage for all workers. However, it was never applied to “all workers”. The International Labour Organisation (ILO) said that this was the “minimum sum payable to a […]
Read MoreMANILA: The Philippine central bank will make another 25 basis point cut in policy rates before the end of the year as it expects prolonged global monetary easing, its governor said on Tuesday. “Another 25 basis points before the end of the year,” Bangko Sentral ng Pilipinas Governor Benjamin Diokno replied when asked at an […]
Read More[BANGKOK] Thailand’s manufacturing production index (MPI) in July dropped 3.23 per cent from a year earlier, dragged down by lower production of cars, petroleum and steel, the industry ministry said on Tuesday. That compares with a forecast of 3.05 per cent decline in a Reuters poll, and June’s revised 5.3 per cent contraction. Capacity utilisation […]
Read MoreThe Tourism Department is planning to set minimum prices for outbound tour packages to deal with the growing price war that could eventually lower service quality. Taweesak Wanichcharoen, director-general of the department, said minimum prices for outbound services is allowed under the Tourism Business and Guide Act 2008, but it has not been enforced seriously. […]
Read More[HONG KONG] Singapore firms are likely to see more soured debt as the trade-reliant economy takes a hit from US-China tensions. That’s the view of debt restructuring experts, for whom more bad debt could mean increased business. Singapore’s government cut its forecast for economic growth this year to almost zero, and weak export data have […]
Read MoreThe Board of Investment (BoI) looks set to propose to the economic cabinet at its meeting on Friday a relocation package for foreign investors wishing to shift from China to Thailand. The package will focus largely on headquarters, research centres, talent and high technology industry, said Kobsak Pootrakool, deputy secretary-general to Prime Minister Prayut Chan-o-cha […]
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Thailand
