The Vietnam Labor Federation has asked to increase the minimum wage from July 1, 2022, earlier than scheduled. Le Dinh Quang from the Vietnam General Confederation of Labor said that minimum wages have increased by 7.4 percent over the last five years, and if Vietnam increases them once after two years, it will be a […]
Read MoreThe government has high hopes the Eastern Economic Corridor of Innovation (EECi) will play a key role in helping Thailand develop its own technology to escape the middle-income trap. The middle-income trap is defined as a situation in which a country lifts its economy from a least-developed or low-income nation to a middle-income one, but […]
Read MorePETALING JAYA: Malaysia’s economic growth this year is expected to come in at 6%, driven by the opening of borders supporting tourism-related services, high vaccination rate and the government’s comfort with the transition of Covid-19 to endemic status that are combining to support recovery, according to Moody’s Investor Services. “Over time, we expect this will support […]
Read MoreBANGKOK (AP) – An order by Myanmar’s central bank that all foreign currency in bank accounts must be converted into the local currency has many in the military-ruled country worried over potential losses. Businesses and individuals were told in a notice issued on Sunday that as of Monday they must convert dollars and other foreign […]
Read MoreThe CPI in December 2021 increased by 2.2 per cent year-on-year, said the Department of Economic Planning and Statistics (DEPS) in a statement yesterday. The prices of food and non-alcoholic beverages and non-food increased by 2.0 per cent and 2.2 per cent respectively, due to the rise in prices of food such as cooking oil […]
Read MoreAsian Development Bank predicted a GDP growth of 5.3 percent in 2022 and 6.5 percent in 2023 for Cambodia, which rebounded faster than expected in 2021. According to ADB’s Asian Development Outlook 2022 report, Cambodia, which registered a contraction of 3.1 percent in 2020, posted an estimated three per cent GDP growth last year. The […]
Read More
Thailand
