Bank Indonesia (BI) has cut its benchmark interest rate – after a two-month pause – to support economic growth, which is likely to fall to its lowest since the 1999 Asian financial crisis. The central bank slashed its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points to 4.25 percent on […]
Read MoreMANILA, Philippines — The projected five percent decline in overseas Filipino workers’ remittances may further slash the country’s economic output by 0.4 percent this year, according to the Bangko Sentral ng Pilipinas (BSP). In a press conference, BSP Governor Benjamin Diokno said monetary authorities lowered their growth forecast for OFW remittances to two percent from […]
Read MoreThe Hanoitimes – Luxshare ICT announced they are still hiring 300 workers per day from June 18 to 20 for production expansion in North Vietnam. Luxshare Precision Industry (Luxshare ICT), one of Apple’s contract manufacturers, is hiring thousands of workers in Vietnam to assemble AirPods. Over the last few days, the company’s fanpage has been posting […]
Read MoreElectricity rates have sparked debate once again, with a new adjustment to be made for use between 151 – 461 kilowatt-hours (kWh) per month during the Covid-19 period. A press briefing was held at the Prime Minister’s Office yesterday regarding the results of the monthly government meeting, held on Wednesday, during which the issue of […]
Read MoreMostly state-owned energy firm Bangchak Corporation Plc (BCP) expects its new gasohol product and the government’s domestic tourism stimulus package will improve its oil sales in the second half of the year, though year-end sales are expected to remain unimpressive. BCP president Chaiwat Kovavisarach said yesterday oil sales for the first half of the year […]
Read MoreThe National Assembly (NA) passed the revised Law on Enterprises on Wednesday morning in Ha Noi, introducing several important changes to regulations overseeing business activities. Notably, the NA ruled household businesses will require a different law and are not subject to the revised Law on Enterprises. According to the Vietnam Small-and Medium-Sized Enterprises Association, there […]
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Thailand
