The State-Owned Enterprises (SOE) Ministry is limiting the number of expert staff members allowed on each SOEs’ board of directors after finding that some staffers were paid hundreds of millions of rupiah every month. “We found that several SOEs are employing 11 to 12 expert staffers or advisors [as directors]. Some are receiving a monthly […]
Read MoreSINGAPORE: Private-sector economists have lowered their 2020 forecast for Singapore’s economy but they turned more bullish over the strength of a recovery next year and suggest the worst of the coronavirus-induced contraction came in the second quarter. The economy may shrink by 6% this year, according to a quarterly survey of 26 economists and analysts […]
Read MoreThe Hanoitimes – Only 2% of enterprises in Vietnam are immune from the pandemic. Around 47% of 400 enterprises in Vietnam surveyed by the Private Economic Development Research Board (Board IV) in mid-August said they were forced to lay off workers during the Covid-19 resurgence in Danang and other localities in late July. Notably, 33% of […]
Read MoreMANILA, Philippines — Local manufacturing activity is expected to pick up in the coming months on the back of record low interest rates, as well as higher infrastructure spending, according to Rizal Commercial Banking Corp. (RCBC). Michael Ricafort, chief economist at RCBC, said the record low interest rates would support greater demand for loans and […]
Read MoreThe logistics industry is expected to contract 10 per cent this year due to the economic downturn caused by the Covid-19 pandemic outbreak, the Thai Transportation and Logistics Association (TTLA) said. TTLA chairman Chumpol Saichua added that usually the industry expanded every year in line with economic growth. The sector accounts for 14 per cent, […]
Read MoreSINGAPORE, Sept 8 — Guidelines designed to ensure that businesses spell out the prices of goods and services clearly in their advertising were unveiled by the Competition and Consumer Commission of Singapore (CCCS) yesterday. The guidelines, which will take effect on November 1, aim to ensure that advertised “discounts” are genuine, and that mandatory costs such […]
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Thailand
