The government has agreed to increase the monthly minimum wage from the present 1.2 million kip to 1.3 million kip, with the rise to come into effect on May 1 to mark International Labour Day. The wage hike is aimed at easing the hardships suffered by many Lao people amid the skyrocketing cost of living […]
Read MoreGSO director general Nguyễn Thị Hương spoke to Vietnam News Agency about challenges to meeting the National Assembly’s inflation target of about 4.5 per cent. Along with global trends, Việt Nam’s inflation in the first three months of 2023 was decreasing. Therefore, the General Statistics Office (GSO) has forecast that this year’s inflation would be controlled under the target […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) now expects a further slowdown in the country’s economic growth in the first quarter amid elevated inflation and rising interest rates. BSP Governor Felipe Medalla told reporters on the sidelines of the opening of the exhibit titled “Executive Insights on Systemic Risks: Its Nuances and Challenges” […]
Read MoreSingapore | Singapore is raising property taxes to cool its red-hot housing market, amid mounting concern that an influx of wealth into the city-state is hurting affordability for locals and its competitiveness as a financial hub. The government is increasing stamp duties for second home buyers and foreigners purchasing private property, it said in a statement. […]
Read MoreThe Bank of Thailand is in discussions with China’s central bank over supporting the use of yuan-baht settlement to mitigate foreign exchange risk amid ongoing US dollar volatility. According to central bank governor Sethaput Suthiwartnarueput, the Bank of Thailand and the People’s Bank of China have held talks over additional cooperation to encourage businesses to use […]
Read MoreShenzhen, with economic, technological and capital strengths, has large potential of cooperation with the five Mekong countries and the city’s enterprises can make big contributions to their economies. Officials and business leaders made the remarks on Tuesday at the themed event of 2023 Lancang-Mekong Cooperation Week in Shenzhen. The event also featured the launch of […]
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