Asia dominates the list of the world’s most costly cities for expatriates, despite significant shifts — including a big drop of 11 points for Bangkok to 46th place — according to the global human resources consultancy Mercer. Hong Kong lost top spot — a position it held for the past three years — to Ashgabat, […]
Read MoreWITH the pandemic granting greater work flexibility, only 15 per cent of South-east Asian respondents would prefer to work from the office full-time, according to a recent EY Work Reimagined Employee Survey. Most preferred to work anywhere (32 per cent), while working remotely full-time and having hybrid work arrangements followed closely behind at 29 per […]
Read MoreRising raw material prices are eating into profits at Chinese manufacturers even as they step up output to meet a post-Covid revival in demand. Industrial profits were up by just over 83 percent in the first five months of the year, following a 106 percent increase in April, according to figures released last week. And […]
Read MoreLarge Chinese investments are overtaking US financing in ASEAN, according to Nikkei Asia. The mainland has already invested more than $5.3 billion under its Belt and Road Initiative (BRI), according to the University of Southern California’s US-China Institute in Los Angeles. On June 22, the mainland agreed with Cambodia to intensify cooperation in transportation networks. […]
Read MoreForeign funds are rushing out of Southeast Asian equities on concerns a coronavirus resurgence will dent the region’s economic recovery, and a slow vaccine rollout means the selloff may not reverse anytime soon. Thailand, the Philippines and Malaysia had combined outflows of $2.7 billion from their equities in the April-June period, the biggest exodus since […]
Read MorePresident Joe Biden on Thursday celebrated a victory in his drive to make corporations pay a larger share of the cost of government, as 130 countries endorsed a blueprint for a global minimum tax on giant businesses and pledged to work for final approval by the end of October. The agreement announced by the Organization […]
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Thailand
