It’s fair to say there exists a level of social and economic inequality within Asean. Following the 1997 Asian financial crisis that exposed Asean’s vulnerability to cross-border capital flows, the region has undergone a significant transformation, from a bloc of mostly underdeveloped and developing countries to one with the world’s most dynamic economies collectively. However, […]
Read MoreAFTER a two-year hiatus due to the Covid-19 pandemic, the Formula 1 Singapore Airlines Singapore Grand Prix 2022 saw a record crowd of 302,000 over the race weekend (Sep 30 to Oct 2). This is the highest attendance the event has seen since its inception in 2008. According to promoters Singapore GP, foreign visitors accounted […]
Read MoreAT the Paris Agreement in 2015, Malaysia pledged to reduce its greenhouse gas (GHG) emission intensity of gross domestic product (GDP) by 45% in 2030. The government then once again reiterated its stance in advancing green aspirations by setting an ambition to become a carbon-neutral nation by 2050 as laid out in the 12th Malaysia […]
Read MoreIndustry leaders have called on the government and related authorities to do more to prevent the depreciation of the baht and mitigate the impact of the Bank of Thailand’s latest policy rate hike. Yet market analysts point out there are several good reasons for the central bank to proceed cautiously in its embrace of interest […]
Read MoreAccording to the General Statistics Office’s Report, the labor and employment situation in the third quarter of 2022 continued to recover. The report on the socio-economic situation in the third quarter and the first nine months of 2022 pointed out that the labor force and the average monthly income of employees increased compared to the […]
Read MoreMANILA, Philippines — The sharp depreciation of the peso against the dollar alongside higher charges at the Wholesale Electricity Spot Market (WESM) could raise Manila Electric Co. (Meralco)’s generation charge for October. “We still haven’t received suppliers’ bills. However, we expect the steep depreciation of the peso to put upward pressure on generation costs, as […]
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Thailand
