The Lao government remains unable to raise the minimum wage, despite rampant inflation the country faced in 2022. The current minimum wage in Laos is LAK 1,200,000, which was raised from LAK 1,000,000 in August of 2022. At that time the government claimed it would raise the minimum wage again to Lak 1,300,000 in May of 2023. […]
Read MoreInfrastructure, including a new expressway, along with urbanisation driven by mass transit expansion and market competition pushed Bangkok land prices up by as much as 75% in recent years. Saenphin Sukhee, chief executive of residential developer Frasers Property Home (Thailand), said land prices in Bangkok continued to grow despite the pandemic with an average increase of 70-75% […]
Read MoreMANILA, Philippines — The country’s outstanding debt soared to P13.42 trillion in end-2022, with its share to the overall economy easing to 60.9 percent following a strong performance last year. However, 2023 is expected to be a true test of growth momentum for the Philippines amid global headwinds. Latest data from the Bureau of the […]
Read MoreCambodia confirmed its readiness to exit the Least Developed Countries (LDC) status, saying that studies on the impacts of the exit, challenges and the loss of trade preference schemes have been made. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, requested the Ministry of Commerce to strengthen the government’s readiness to exit […]
Read MoreAustralia increased its imports of wooden furniture from Southeast Asian markets last year, with Vietnam making up a significant portion of the overall figure, according to the Ministry of Industry and Trade. Specifically, Australia imported wooden furniture products worth US$205.6 million from Vietnam last year, representing a rise of 26.4% against the same period of […]
Read MoreA nationwide salary survey has been released by local research firm, Wise Research, commissioned by www.108.jobs – the largest job portal site in the country, providing detailed information on salary rates in various industries in Laos. The report comes as Laos bounces back from an economic downturn due to the Covid-19 pandemic. Amid volatile exchange rates and […]
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