MANILA, Philippines — The research unit of Australia and New Zealand Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver its first interest hike in June, reversing the aggressive 200-basis-point cumulative rate cuts in 2020. In a report, ANZ Research said the BSP is likely to raise interest rates by 25 basis points in […]
Read MoreAs many destinations relax travel requirements to welcome a new flow of tourists after two years of battling the Covid-19 pandemic, some East Asian nations remain vigilant with strict Covid-19 arrival rules. To keep Thailand a top destination for East Asian visitors and prepare for further loosening of travel restrictions, the Tourism Authority of Thailand […]
Read MoreSINGAPORE, May 2 — Lower-income workers will bear the brunt of the economic uncertainties, and a possible recession, that the next two years may bring, and will need the most help to weather the storm, said union leaders and economists. At the May Day Rally on Sunday (May 1), Prime Minister Lee Hsien Loong said that the […]
Read MoreThe Government of Laos has agreed to a minimum wage increase amid a rising cost of living and rampant inflation. The decision was reached among other items during a cabinet meeting held in late April in Vientiane Capital, chaired by Prime Minister Phankham Viphavanh. Discussions on raising the minimum wage were held in March this year, […]
Read MoreDeputy Prime Minister Le Van Thanh said the eighth national power development plan is designed in a way to put the common good and interests first. As it will help save tens of billions of dollars, it will help cut production costs. Thanh on April 26 presided over a meeting of the council for appraisal […]
Read MoreChina’s foreign direct investment was on the rise in Cambodia last year despite Covid-19, showing positive confidence of investors in Cambodia as the country fully resumed its socio-economic activities, particularly the bilateral trade pact. The Council for the Development of Cambodia registered new private investment worth $4,357 million last year, a year-on-year decrease of 47 […]
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