The Ministry bumped into difficulties in restructuring the transport market share when investment in roads still prevails. In 2023, the Ministry of Transport set a target of 7 percent growth in freight volume and 8 percent passenger volume. Along with that, the Ministry will continue to restructure the transport market share in the direction of […]
Read MoreThe Thai National Shippers’ Council (TNSC) has downgraded its export growth forecast for Thailand to 0-1% because of negative factors in both the US and Chinese economies, which are still highly uncertain, as well as geopolitical conflicts. However, the group still believes Thailand’s exports are unlikely to contract this year. Chaichan Chareonsuk, chairman of the TNSC, […]
Read MoreCambodia’s textile and apparel (T&A) industry, a key export sector for the country, needs to develop advanced skillsets, both in technical and soft-skill domains, to remain competitive, according to the government’s Industrial Transformation Map for Textile and Apparel Industry 2023-2027. “Since the 1990s, this sector has been continuously transformed into a growth pillar based on […]
Read MoreKUALA LUMPUR: The minimum wage rate in the country should be increased to balance the people’s income with the current high cost of living, said Sabah Universiti Teknologi Mara (UiTM) senior lecturer in Political Economy, Associate Prof Dr Firdausi Suffian. He said the minimum wage rate should also be increased according to the country’s economic […]
Read MoreMany foreign funds are evaluating Vietnam as an attractive investment destination in the Asia-Pacific region thanks to its improved investment climate, accelerated digital transformation, and a young, skilled workforce. Vietnam – a rising star JPMorgan Chase recently said that Vietnam is emerging as a centre for manufacturing electronic components and services, with its capacity to […]
Read MoreSince the government legalised cannabis on June 9, 2022 by removing the plant from the list of prohibited narcotics, the tourism sector was expected to reap a windfall as Thailand was the first country in Asia to allow hemp consumption for certain purposes, other than recreational use. A month after decriminalisation, the Tourism Authority of Thailand […]
Read More
Thailand
