Head of the Department of Labor and Social Welfare, Mr. Odon Maniboun, said that after the official registration of workers in the zone at the beginning of this month, 1,267 Laos workers have registered. Health check ups on workers and labor conditions were also conducted. The department began with the registration of Lao workers, followed […]
Read MoreMANILA, Philippines — Persistent inflation and the consequently more aggressive policy tightening by the Bangko Sentral ng Pilipinas (BSP) may temper credit growth of Philippine banks, according to CreditSights Inc. In a report, CreditSights said that recent macroeconomic headwinds have not translated into a significant impact on loan growth or asset quality. “While near-term growth […]
Read More(Bloomberg) — Indonesia is expected to continue bucking the trend of monetary policy tightening although signs that the government may boost fuel prices could convince the central bank to signal a readiness to act to tame inflation. Bank Indonesia will keep its seven-day reverse repurchase rate at 3.5% on Tuesday, according to 24 of 31 […]
Read MoreThe increase in global interest rates has adversely affected many ADB developing member countries (DMCs) with heavy food import needs, such as Cambodia, Fiji, Georgia, Lao People’s Democratic Republic, Nepal, Philippines and Thailand, according to the Asian Development Bank report. It pointed out that the increase in global interest rates has led to capital flight […]
Read MoreAccording to the Vietnam National Administration of Tourism (VNAT), Vietnam continues to be among the top destinations with the fastest tourism growth in the world, with a monthly increase of 50-70% from the beginning of 2022. Vietnam welcomed 954,000 international tourists in the first seven months of 2022, a nine-fold increase over the same period […]
Read More(Bloomberg) — Singapore’s key core inflation measure climbed to the highest level in almost 14 years last month, heaping pressure on monetary policy makers to do more to fight price gains. The core inflation gauge, which excludes private transport and accommodation, rose 4.8% in July from a year ago, according to a joint statement from […]
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Thailand
