Eight local and foreign industry associations have proposed the Government postpone the minimum regional wage hike until January 1, 2023, instead of July 1 this year as proposed by the National Wage Council. The eight associations comprise the Japan Business Association in Vietnam, the Vietnam Association of Seafood Exporters and Producers, the Vietnam Textile and […]
Read MoreMANILA, Philippines — The Philippine government managed to keep its investment grade credit rating from Japan-based debt watcher Rating and Investment Information Inc. (R&I), which cited the country’s “solid” economic recovery despite COVID-19 flare-ups. R&I, whose ratings matter to Japanese companies, the country’s top investors, maintained the Philippines’ triple B plus rating, which is two notches above the minimum investment […]
Read MoreThe baht opened at 33.71 to the US dollar on Tuesday, weakening from Monday’s close of 33.66 and sliding towards the key 34 per dollar level. Breaching that closely watched resistance level would invite further losses for the Thai currency. Krungthai Bank market strategist Poon Panichpibool predicted the baht would move between 33.65 and 33.80 […]
Read MoreASEAN+3 Macroeconomic Research Office (AMRO)’s annual Regional Economic Outlook predicts 6.1 percent GDP growth for Cambodia in 2023 The reopening of the economy and tourism recovery is expected to help Cambodia register stronger growth in 2023, according to the ASEAN+3 Macroeconomic Research Office (AMRO)’s annual Regional Economic Outlook. Cambodia, which posted a GDP growth of […]
Read More[BANGKOK] Thailand’s economy will continue to expand in 2022 and 2023 despite rising inflation, while monetary policy tightening may have to wait until the economy recovers more strongly, the central bank said on Monday (Apr 18). The central bank will continue to support the economy, as it has left the key rate at a record […]
Read MoreForeign-invested companies continue to be the main driving force for Vietnam’s exports by making up 73.4% of the total foreign trade revenue, or $65.36 billion. Vietnam continued to show positive trade performance during the first three months of 2022 with a trade surplus of US$1.46 billion, according to data from the General Department of Vietnam […]
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