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Cambodia’s economy expected to trend back to potential six percent growth

The World Bank in its Economic Update released Wednesday said the tourism and hospitality industries are likely to accelerate further, with projected increases in international arrivals and domestic tourists once the pandemic is becomes history. Agricultural production and agroprocessing industries continue to be boosted by newly ratified free trade agreements. In addition to the Cambodia-China […]

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Singapore: Wage growth in 2023 to stay robust even as slowing economy cuts labour demand

AS COVID-19 restrictions eased in 2022, Singapore’s labour market moved towards pre-pandemic normalcy. Manpower demand rose in consumer-facing industries, while the return of foreign labour relieved shortages. Total employment surpassed pre-Covid levels in the third quarter, and unemployment rates have also recovered. In contrast, slowing economic growth in 2023 is expected to reduce labour demand […]

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