Labour Minister Suchart Chomklin said on Tuesday he wanted an increase in the daily minimum wage of 5-8% from Oct 1 instead of early next year as intended, and denied bringing the pay rise forward was politically motivated. The minister, speaking at Government House, said minimum wages should start to rise from Oct 1 because the […]
Read MoreKUALA LUMPUR: The Industrial Production Index (IPI) increased 12.1% in June 2022 as compared to the same month of the previous year, exceeding the forecasts by Reuters. According to 12 economists surveyed in a Reuters poll, June’s IPI was expected to rise by 4.9%. In a statement, the Statistics Department (DOSM) said the manufacturing output […]
Read MoreFreight rates in Cambodia have started to recede gradually as declining international oil prices drive down local retail fuel costs, which will enhance the competitiveness of the Kingdom’s products on international markets, industry insiders have said. International oil prices have fallen to levels seen in the days prior to February 24 – when Russia began […]
Read MoreThe Bank of Thailand (BoT) should stay away from a steep policy tightening path to protect the economy’s nascent recovery while taming the fastest inflation in more than a decade, according to the finance minister. “They have to make sure the economy recovers, and at the same time they can curb down inflation,” Finance Minister Arkhom […]
Read MoreJAKARTA: Indonesia on Tuesday lowered its threshold for applying export tax on crude palm oil to a reference price of $680 per tonne, down from $750 per tonne previously, according to a finance ministry regulation. The lowering of the threshold took effect on Tuesday. The export tax goes up for every $50 price increase in the […]
Read MoreIn April, Brunei Darussalam’s total trade was valued at BND3,042.6 million, an increase by 70.9 per cent from BND1,780.1 million during the same month last year. Meanwhile, for month-to-month changes, total trade for April increased by 21.6 per cent compared to March. Total exports increased by 71.2 per cent year-on-year to BND1,726.0 million compared to […]
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