The Government of Laos has agreed to a minimum wage increase amid a rising cost of living and rampant inflation. The decision was reached among other items during a cabinet meeting held in late April in Vientiane Capital, chaired by Prime Minister Phankham Viphavanh. Discussions on raising the minimum wage were held in March this year, […]
Read MoreDeputy Prime Minister Le Van Thanh said the eighth national power development plan is designed in a way to put the common good and interests first. As it will help save tens of billions of dollars, it will help cut production costs. Thanh on April 26 presided over a meeting of the council for appraisal […]
Read MoreChina’s foreign direct investment was on the rise in Cambodia last year despite Covid-19, showing positive confidence of investors in Cambodia as the country fully resumed its socio-economic activities, particularly the bilateral trade pact. The Council for the Development of Cambodia registered new private investment worth $4,357 million last year, a year-on-year decrease of 47 […]
Read MoreMANILA, Philippines — The tourism industry in the Philippines and some Asia-Pacific economies will still have a hard time recovering, even as restrictions are eased and borders opened. In its recent blog, Manila-based Asian Development Bank (ADB) said reopening does not really guarantee the same recovery across countries in the region, especially as policies vary […]
Read MoreThe volume and value of mergers and acquisitions are poised to experience continued growth this year in Thailand, despite the impact of rising interest rates on financial costs as businesses and people began to adapt alongside the Covid-19 pandemic. The financial services and technology industries will remain the two most traded sectors this year, as […]
Read MoreIf Vietnam is to reach its full potential in the coming years, it will have to effectively navigate several global megatrends that will shape its future. CEO of HSBC Vietnam Tim Evans gave his prediction over the six global trends that will shape Vietnam’s future. According to Evans, Vietnam is recovering strongly as the country […]
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