Shopee, operator of Southeast Asia’s largest e-commerce platform, laid off a number of employees in China on Monday, as its New York-listed and Singapore-based parent company Sea Limited continues to trim its global payroll following steep losses. In a statement released on Monday, Shopee said the job cuts were part of its ongoing efforts to “optimise operating […]
Read MoreMalaysia’s exports increased by 48.2 per cent year-on-year to RM141.3 billion (S$457 million) in August, driven by higher exports of electrical and electronic (E&E) products, petroleum products, optical and scientific equipment as well as machinery, equipment and parts. The exports growth exceeded an earlier forecast of 34.4 per cent, according to 13 economists surveyed by […]
Read MoreKrungthai Compass, a research unit under Krungthai Bank, expects the minimum wage increase to reduce the number of poor workers, improve their income, and broadly support long-term Thai economic growth. The proportion of low-income labourers who live below the country’s poverty line, earning 2,726 baht per head per month under the National Economic and Social Development Council’s […]
Read MoreThe increasing use of mobile banking by Cambodians has been driving financial transactions to be more efficient, more convenient and faster, the Ministry of Economy and Finance said. The banking sector in Cambodia has grown rapidly over the last two decades and continues to develop strongly, the ministry said in an announcement issued recently. “During […]
Read MoreBENGALURU, Sept 20 (Reuters) – Bank Indonesia will follow a surprise August interest rate rise with another 25 basis point hike at its meeting on Thursday, still moving more slowly than most of its peers in trying to bring down inflation, a Reuters poll forecasts. Generous energy subsidies restrained inflation, at 4.69% in August, allowing […]
Read MoreKUALA LUMPUR, Sept 20 — Malaysia’s trade remained sturdy in August 2022 with exports jumping 48.2 per cent to RM141.33 billion, the 13th successive month of double-digit growth, the Ministry of International Trade and Industry (Miti) said. The trade surplus stood at RM16.92 billion as imports surged 67.6 per cent to RM124.41 billion. Total trade […]
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