KUALA 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 MoreImproving the business environment and planning land use for industrial production are needed to attract foreign capital. Enhancing industrial land use policy In 2022, the southern province of Dong Nai emerged as one of Vietnam’s top five destinations for foreign direct investment (FDI), the first time in years. Though international businesses are already eyeing opportunities […]
Read MoreExports of gems and jewellery (excluding gold) are expected to grow by 10% this year as demand in the high-end segment remains strong. The anticipated growth comes despite lower shipments in the first quarter and risk factors related to the global economic slowdown, a possible recession in the US and the EU, geopolitical conflicts, rising energy […]
Read MoreThailand built or expanded 1,211 factories during the first half of fiscal 2023 with an investment value of 113 billion baht, generating more than 30,000 jobs, according to the Industry Ministry. Part of the investment during October 2022 to March 2023 came from entrepreneurs in the bioplastic and electric vehicle (EV) industries, in line with the […]
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