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Thailand: Manpower sees 1.2% unemployment

US recruitment agency Manpower Group Thailand forecasts an unemployment rate in 2019 of 1.1-1.2%, equal to 418,000-450,000 people, up from 400,000 in 2018.  Thailand’s labour market in 2019 will face many external influences such as the global economy, the US-China trade war and Brexit.  “But a big change will come after the general election,” said […]

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Bank Indonesia keeps rate at 6 percent in February

Bank Indonesia (BI) announced its plan to maintain its policy rate for the third successive month after a two-day board of governors meeting on Thursday. The central bank also pledged to continue its efforts to ensure adequate liquidity in the banking sector to encourage loan growth this year. During the meeting, BI decided to maintain […]

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Singapore: 70% of all e-commerce scams last year happened on Carousell – and it’s now rolling out even more measures to lower the fraud rate

A large majority of scams committed in 2018 were e-commerce scams, and a whopping 70 per cent of those took place on Carousell, the Singapore Police Force said in its 2018 Annual Crime Brief on Wednesday (Feb 20). SPF said that 2,125 cases of e-commerce scams were reported last year – an increase of 218 cases […]

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Thailand: Rapee quiets crypto hype

After several months of supervising Thailand’s digital asset market, the outgoing Securities and Exchange Commission (SEC) chief insists that the virtual asset class is suitable only for specialists and that setting a minimum standard is among the main pillars for bringing checks and balances to the digital sphere.  The hype surrounding digital asset investment in 2017 […]

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indo03
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Aircraft manufacturers looks to Southeast Asia

Boeing Co. of the United States and other major international aircraft makers are moving to build manufacturing bases in Southeast Asia.  Thailand and Malaysia are eager to attract industries from overseas, in the hope of developing their economies. This is presenting opportunities for small and midsized Japanese companies that manufacture airplane parts or provide other services to start operations in the […]

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Calculating informal economic sector required to position Vietnam’s development path

The Hanoitimes – Recent GDP calculations have not fully reflected Vietnam’s economic performance, due to the unavailable statistics of the informal economic sector. The inclusion of informal economic sector into GDP calculation is a necessary step to review Vietnam’s economic of scale and position the country’s development path, according to Prime Minister Nguyen Xuan Phuc.  Recent […]

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