In 2019, China was Brunei Darussalam’s fourth largest trading partner with trade flow amounting to approximately BND1.5 billion accounting for 8.9 per cent of Brunei’s total trade. In addition, China was Brunei Darussalam’s largest source of imports amounting to approximately BND915 million accounting for 13.1 per cent of total imports and China was the sultanate’s […]
Read MoreSalaries increased by 6.5% this year at multinational companies (MNCs) and 5.2% at Vietnamese companies, and are forecast to increase by 7 per cent and 7.7% next year, according to the Talentnet – Mercer Total Remuneration Survey. Speaking at a webinar held to release the survey on Wednesday, Hoa Nguyen, the company’s senior principal, human capital […]
Read MoreChina remains the largest foreign investor in Laos, undertaking a total of 785 projects worth USD 12 billion. Special economic zones, industrial parks, and large-scale infrastructure projects make up the largest areas of Chinese investment in Laos. Chinese investors are constructing the Vientiane-Vang Vieng Expressway, expected to open in December this year. The Lao-China Railway, […]
Read MoreThe government is being urged to waive the special business tax for property transactions between cash-strapped developers and new investors to avoid possible non-performing loans (NPLs) as the fallout from Covid-19 hits the economy and property market. Pornnarit Chuanchaisit, president of the Thai Real Estate Association (TREA), says the number of developers with financial liquidity […]
Read MoreIndonesia’s foreign debt rose by the end of August as the government borrowed funds from multilateral organizations to cover the country’s fiscal deficit, while businesses borrowed funds for investment, Bank Indonesia (BI) announced Thursday. Indonesia’s external debt, which includes government and private-sector borrowings, was recorded at US$413.4 billion in August, up 5.7 percent year-on-year […]
Read MoreThe use of an emergency decree is aimed at crowd control and averting economic losses, says the newly appointed finance minister, but a business group is urging caution over how the measure is carried out. The recently declared state of emergency is a means to handle the protests and prevent losses to businesses, said Finance […]
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Thailand
