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Half of Singapore consumers prefer to shop local to help firms hit by Covid-19: Survey

SINGAPORE (THE BUSINESS TIMES) – Around half of Singapore consumers prefer to shop at local businesses to help them recover from the business fallout of Covid-19, according to a study of Asean consumer sentiment released on Thursday (Dec 3) by United Overseas Bank. UOB head of group business banking Lawrence Loh said the results of the study, which polled 1,000 […]

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Online Customs drive to accelerate trade by road

VNS – The online Asean Customs Transit System (ACTS) was launched this week to accelerate trade in goods by road within Southeast Asia. Following trials in Cambodia, Laos, Malaysia, Singapore, Thailand,and Vietnam, the system has now been formally launched. Being developed with the support of the European Union, ACTS is simplifying the movement of goods […]

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Thailand: Export marketing, partner talks making progress

The government looks set to organise as many as 343 marketing activities both in and outside Thailand and accelerate free trade agreement (FTA) talks with several potential partners including the European Union (EU), the UK, the Eurasian Economic Union (EAEU) and the European Free Trade Association (Efta). Commerce Minister Jurin Laksanawisit said on Wednesday the ministry […]

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Malaysia needs to relook the retirement age policy

PETALING JAYA: Malaysia needs to relook at its retirement age policy, considering that the country is becoming an ageing society, said World Bank Group representative to Malaysia and country manager Firas Raad. In a statement, he said Malaysia’s demographics had shifted to an era of low fertility and low mortality from a situation of high […]

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Thailand: ECA upbeat on local corporate salaries

Real salary increases provided by multinational companies in Thailand are expected to be among the best in the world in 2021 despite the weak outlook for the economy, according to a survey by ECA International. The survey suggests that local employees of multinational companies in Thailand can expect to see an average real salary increase […]

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