Back in the 1960s, Singapore, Taiwan, South Korea and Hong Kong were able use cheap labour and tax incentives to draw a huge influx of foreign direct investments and technological know-how from the west. Between the early 60s and 90s, growth quickly soared, to an average of 10 percent at the peak, according to the […]
Read MoreSalaries in Thailand are estimated to grow at a stable rate of 5% this year, according to a report by Mercer Thailand. Mercer announced the results of its annual “Thailand Total Remuneration Survey”, a study that makes hiring and pay increase predictions for 2020. The survey of 607 companies across various industries found the automotive […]
Read More[SINGAPORE] Singapore’s welcome mat to virtual banks is going beyond its own shores. The island nation wants to become a regional hub for technology firms with advanced data expertise, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). Doing so would improve banking services at home and in other parts of South-east […]
Read MoreIndonesia’s foreign exchange (forex) reserves rose to US$126.7 billion in October, the highest level in 20 months, driven by the government’s global bonds issuance and forex records from the oil and gas sector, Bank Indonesia (BI) announced on Thursday. The current reserve level, which indicated a $2.4 billion increase from the previous month, is enough […]
Read MoreThe idea of a Philippine-US FTA has been mooted since the termination of the Philippines’ preferential trade status in the US as part of the transitional arrangements from colonial rule to full independence. Those discussions never gained traction, partly because the Philippines has taken a cautious approach to a free trade deal and has never […]
Read MoreThe fledgling insurance industry in the Kingdom continues to undergo remarkable growth, with premiums growing by more than 14 percent in the first half of the year, according to insiders. Speaking at a workshop on the insurance industry yesterday, Huy Vatharo, chairman of the Insurance Association of Cambodia (IAC), said the market is growing rapidly […]
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Thailand
