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Cambodia issues new rules on contracts and compensation

In 2019, Cambodia’s Ministry of Labour and Vocational Training (MLVT) has been active in amending the Labour Law and revising long-standing practices. These amendments and revisions have brought much-welcome clarity to employers on requirements of the MLVT and interpretations of the Labour Law, and have further provided meaningful benefits to employees. Foreign Workers and Employment […]

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Thailand not happy with hot money: central bank chief

[CHIANG MAI] Thailand’s central bank is not happy with hot money flowing into the country and has sometimes taken action on excessive moves in the baht, the governor said on Monday. Any intervention is not for a competitive advantage in trade, Bank of Thailand Governor Veerathai Santiprabhob told a seminar in the northern city of […]

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New bubble tea franchise enters Brunei market

TEALIVE, a Halal certified Malaysian lifestyle tea brand, has made its debut in Brunei’s bubble tea market and opened its first outlet at Aman Hills Shopping Centre. Bubble tea has become an icon in the Asian community and with no doubt in the Brunei market, Tealive looks forward to provide Bruneians the best bubble tea […]

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Myanmar: Bagan named UNESCO World Heritage Site

Bagan has been named as a UNESCO World Heritage Site, a quarter of a century after the ancient capital was first nominated. The recognition by the UN’s cultural body will serve to boost demand from both Western and Asian markets, the tourism industry says. But meeting conservation pledges and effective local governance will be critical […]

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Philippines: Rice prices still falling

MANILA, Philippines — The price of rice remained on the downtrend, with consumers saving more but farmers earning less following a new rice regime in the country. Latest data from the Philippine Statistics Authority (PSA) showed consistent lower prices for more than three months now after the Philippines opened its rice industry to more private […]

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S&P’s rating demonstrates confidence in Malaysia’s economic outlook

KUALA LUMPUR: The affirmation of Malaysia’s credit rating by Standard and Poor’s (S&P) last week demonstrates its confidence in Malaysia’s positive economic outlook, strong institutional profile, sound economic fundamentals and prudent debt management. In a statement yesterday, the Ministry of Finance (MoF) welcomed S&P Global Ratings’ affirmation of Malaysia’s issuer credit rating at A- with […]

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