MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees inflation accelerating and breaching the two to four percent target under a worst-case scenario wherein global oil prices would return to 2018 elevated levels due to the ongoing Ukraine-Russia conflict. BSP Governor Benjamin Diokno said inflation may accelerate from 4.4 to 4.7 percent if Dubai […]
Read MoreThe move is essential against potential shocks on the national economy, especially the impacts from the Ukraine-Russia conflict and declining production capacity from OPEC that are resulted in skyrocketing fuel and gas prices on the global market. The Ministry of Finance (MoT) proposed a cut of VND1,000 per liter in environmental protection tax for fuel […]
Read MoreThe Federation of Thai Industries (FTI) is demanding a greater effort to deal with the severe shortage of 700,000 workers, even as the government is working to bring in migrant workers from neighbouring countries. Last month the federation called on authorities to speed up the signing of memorandums of understanding (MoUs) with officials in Cambodia, […]
Read MoreKUALA LUMPUR: A higher minimum wage could hurt small and medium enterprises (SMEs) as they are still struggling from the Covid-19 aftermath. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the government need to consider the SMEs and informal sector before making any decisions to increase the country’s minimum […]
Read MoreBy the end of February 2022, the registered capital for project adjustment of foreign investors in Vietnam has increased by US$3.59 billion, a year on year increase of 123.8 percent. Moreover, foreign investors’ registered capital and share purchase value reached $769.6 million, up 41.7 percent over the same period last year. Explaining this issue, many […]
Read MoreMANILA, Philippines — The number of overseas Filipino workers contracted by nearly a fifth in 2020, demonstrating the pandemic’s damage on global job markets that, an analyst said, may take long to be fixed. There were an estimated 1.77 million migrant Filipino workers in 2020, according to results of an annual survey by the Philippine Statistics […]
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Thailand
