The increased minimum wage, now LAK 1,200,000, is only applicable to the private sector, and will not include overtime compensation, according to the Lao Federation of Trade Unions. State media reports that Deputy Director General of the Labour Protection Department of the Lao Federation of Trade Unions, Mr. Athilate Oudomdeth, said during a meeting that the conditions […]
Read MoreDomestic fuel prices fell by VND450-950 per liter or kilogram starting from 3 p.m August 1, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. The RON95-III gasoline now sells for VND25,600 per liter, down by VND470, while bio-fuel E5 RON92 fell by VND450 to VND24,620 per liter. Diesel oil now […]
Read MoreWith growing competition in the Bangkok office market, fueled by a large amount of new supply that is coming, ageing office buildings are losing their ability to retain and attract occupiers. This trend is putting pressure on landlords of these buildings to become more proactive and find ways to enhance the value and competitiveness of […]
Read MoreA new higher power tariff is to be postponed following an intervention by Prime Minister Prayut Chan-o-cha to curb rising living costs, says a source at the Energy Ministry. The higher tariff was due to be imposed between September and December this year, but now it will not be increased. The new rate, which had […]
Read MoreMANILA, Philippines — The current monetary policy tightening cycle in Asia-Pacific is favorable for Philippine banks, but is not expected to result in a significant decline in credit growth and asset quality, according to Fitch Ratings. In a report, the debt watcher said the rising interest rates would be mildly favorable and would have revenue […]
Read MoreYahoo, PayPal, and several gaming websites have been blocked by Indonesia for failing to comply with new regulations, according to Reuters. The new licensing rules required tech firms to register as of November 2020 and allows authorities to access platform user data. It also lets them take down content seen as unlawful – or that “disturbs public […]
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Thailand
