MANILA, Philippines — Employers and workers are opposing a government plan to push through with a scheduled increase in contributions to the Social Security System (SSS) next year while the pandemic is forcing businesses to shut down and employees laid off. “In general, we are not for any increase at this time because of bad […]
Read MoreThere is a serious shortage of empty containers for exports from Viet Nam, Phan Minh Thong, general director of agriculture products exporter Phuc Sinh Joint Stock Company, said. Besides, international shippers were hiking their fees, and Vietnamese businesses would struggle to cope if the problem is not addressed, he added. Nguyen Dinh Tung, chairman and […]
Read MorePETALING JAYA: Business sentiment remains bleak over the next three months as the conditional movement control oder (CMCO) further eroded business cashflow by about one-third, according to a RAM Ratings survey. The results of the latest RAM Business Confidence Index (RAM BCI) survey for Q4 2020 showed that the overall index was little changed at […]
Read More[SEOUL] South Korea and Japan look set to be the biggest winners in the Asian oil and chemicals marketplace as the world’s largest regional free-trade agreement paves the way for a gradual reduction in tariffs. The Regional Comprehensive Economic Partnership (RCEP), signed last month by 15 nations accounting for around a third of the world’s […]
Read MoreThai fuel consumption in the first 10 months of this year contracted 13% due to the economic recession, according to the Department of Energy Business (DOEB). Director-general Nanthika Thangsupanich said air and land traffic restrictions across the globe during the pandemic were the main reason for the reduction, which was a record decrease for Thailand. […]
Read MoreMANILA, Philippines — Long-term economic scarring in the Philippines because of the coronavirus pandemic can be expected to be among the worst in the world, according to Oxford Economics. In a recent global research paper, the UK-based research firm said the overall long-term economic scarring would be worse in emerging markets than advanced economies because […]
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