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Thailand: Inflation, attrition push up salaries

The median salary increase for Thailand in 2023 will be 5.1% compared with this year, according to a survey of more than 700 companies in the six largest Southeast Asian economies by Aon Plc, a global professional services firm. The figure for Thailand compares with an expected median increase of 7.9% in Vietnam, 6.8% in Indonesia, […]

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AirAsia launches new low cost airline in Cambodia

PETALING JAYA: AirAsia Aviation Group Limited (AAAGL), the aviation arm of Capital A Bhd, has signed a joint venture (JV) agreement with Sivilai Asia to establish AirAsia Cambodia, a new low cost airline in Cambodia. In a statement, the budget carrier said the new airline would further cement AirAsia’s brand in Cambodia and Indochina, providing AirAsia […]

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Indonesia central bank eyes digital rupiah as nation’s ‘only legal digital tender’

Bank Indonesia Governor Perry Warjiyo has revealed the institution’s position towards central bank digital currencies (CBDCs), saying it will be escalating efforts toward their development. Warjiyo disclosed his stance in a speech at the bank’s annual meeting on December 3, telling attendees that the digital rupiah will be used for “various digital economic and financial transactions.” Bank […]

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