TEMPO.CO, Jakarta – The Indonesian Chamber of Commerce and Industry (KADIN) deputy Adi Mahfudz Wuhadji on Wednesday said that mass layoffs can be reduced by putting forth bipartite communication between business owners and workers. This, he said, would enable both parties to collectively understand a company’s limit in paying workers’ wages. “In addition, workers or laborers should also continue […]
Read MoreMANILA, Nov 10 ― Philippine economic growth beat expectations in the third quarter despite soaring inflation, officials said today, spurred by an increase in household spending as people get back to “pre-pandemic life”. Gross domestic product rose 7.6 per cent, beating expectations of 6.3 per cent as well as the seven percent growth seen in […]
Read MoreKUALA LUMPUR: Malaysia’s natural rubber (NR) production decreased by 5.9 per cent month-on-month (m-o-m) in September 2022. The Department of Statistics Malaysia said that on a year-on-year basis, the output fell by 13.9 per cent. The smallholders sector was the main contributor to production at 87.9 per cent while the estates sector contributed 12.1 per […]
Read MoreThe uneven tourism recovery has been highlighted by lower-end hotels’ struggle to catch up with five-star properties, which have greatly benefited from the return of the Mice (meetings, incentives, conventions and exhibitions) market. Thai Hotels Association (THA) president Marisa Sukosol Nunbhakdi said that while the hotel industry is gradually recovering, operators still have to brace for uncontrollable […]
Read MoreKUALA LUMPUR, Nov 10 ― Thirty per cent of mid-market enterprises (MMEs) expect sales to grow between 15 per cent and 20 per cent in 2023 with another 25 per cent expecting sales to grow even more despite softening economic growth globally, according to HSBC Bank Malaysia Bhd’s Business Balancing Act (BBA) survey. The survey […]
Read MoreDue to soaring prices MANILA, Philippines — The growth in consumer spending in the Philippines may slow down to 5.5 percent next year from the expected 7.6 percent expansion this year, according to Fitch Solutions Country & Industry Research. In a report, Fitch Solutions said that household spending may remain positive, with an average growth […]
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