MANILA, Philippines — Despite steady progress for three decades, the Philippines still struggles to close one of the widest wealth gaps in East Asia, with the country ranking 15th out of 65 countries in terms of inequality, the World Bank found in a study released Thursday. In a report entitled “Overcoming Poverty and Inequality in the Philippines: Past, Present, and Prospects […]
Read MoreIndonesia’s vision in 2045 is that we want to become a high-income country after 100 years of our independence, but we want to achieve high growth in a sustainable way. Jakarta (ANTARA) – Indonesia boosted its economy to grow, on average, six percent annually to become developed while keeping the rate of carbon emissions low, […]
Read MoreThailand’s direct sales industry is expected to see growth of 3-5% next year after two years of contraction attributed to the Covid-19 outbreaks. According to Surachet Chousri, the newly appointed president of the Thai Direct Selling Association (TDSA), the sector fell to 69.3 billion baht and 63.8 billion in 2020 and 2021, respectively, from 70.1 billion […]
Read MorePETALING JAYA: Malaysia’s gross domestic product (GDP) growth rate is expected to remain respectable in 2023 but will be at a slower rate year-on-year (y-o-y) and supported by the country’s broad and diversified domestic economy, says RAM Ratings Services Bhd. RAM Ratings senior economist and head of economic research Woon Khai Jhek estimated GDP for […]
Read MoreSalaries in logistics are likely to increase more than those in any other sector, according to a survey in Singapore. Mercer’s Total Remuneration Survey for the island state found logistics sector pay rises were likely to rise by 4.40% from 2022 to 2023 – surpassing pre-pandemic levels. This compared to rises in banking and finance of 4.27%, […]
Read MoreThe National Bank of Cambodia (NBC) and the Bank of the Laos P.D.R on Monday signed a Memorandum of Understanding (MoU) to develop bilateral financial innovation and payment systems in banking integration between the two countries in response to currently rising cross-border payments and transfers, said a release by NBC on Tuesday. Governor of NBC […]
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