INDONESIA announced a minimum wage increase for 2023 that was smaller than labour unions had demanded, risking protests by workers. Minimum wages across Indonesia will rise by a maximum of 10 per cent next year, the Ministry of Manpower said, as it set a new formula for computing the increase. Provinces will have until Nov […]
Read MoreMANILA, Philippines — The tightening financial environment amid a spate of aggressive rate hikes may result in more firms having difficulty servicing immediate debt payments, according to the Bangko Sentral ng Pilipinas (BSP). Based on the results of a stress-test exercise conducted by the BSP, more firms in the industrial, services, holdings, property and financial […]
Read MoreThe state subsidy programme for electricity prices is not the only way to curb their rapid increase, which is partially driven by the import of costly liquefied natural gas (LNG). Thailand has been importing more LNG to fuel its electricity generation for a number of years because of a drop in domestic gas supply from […]
Read MoreThe taskforce comprises of eight members, headed by Minister of Construction Nguyen Thanh Nghi. The other members are from the Government Office, Ministry of Public Security (MPS), Ministry of Finance (MOF), Ministry of Natural Resources and the Environment (MONRE), Ministry of Planning and Investment (MPI) and State Bank of Vietnam (SBV). The working group is […]
Read MoreMANILA, Philippines — The Philippines may post a faster gross domestic product (GDP) growth of 7.5 to eight percent this year after recording a stronger-than-expected expansion in the third quarter, according to MUFG Bank Ltd. In a virtual media briefing, MUFG senior currency analyst Jeff Ng said the latest projection was due to the higher-than-expected […]
Read MoreThe bilateral trade between Cambodia and South Korea reached $920 million in ten months of 2022, a year-on-year increase of 16.3 percent, according to a report from the Korea International Trade Association (KITA). In the January-October period, Cambodia exported $341 million worth of goods to Korea, up 20.7 percent as compared to the same period […]
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Thailand
