VIENTIANE: With the tourism sector in Laos gradually recovering, the Lao government expects that China’s resumption of outbound group tours will be a strong boost to the Southeast Asian country’s tourism industry. Laos has seen a boom in tourism in the first three months of 2023 as more than 831,000 foreign tourists visited the country, in […]
Read MoreThe Online Business Registration System (Single Portal) under the Ministry of Economy and Finance added new features to improve the user experience and make it easier for businesses to register. Three functions have been added to the single platform which was launched in June 2020, according to a press release. The updated Single Portal will […]
Read MoreRETAIL jobs will have to adapt to technological change and shifting consumer demands, among other trends identified by a new manpower roadmap – and retailers can seek help for this transformation from the new Jobs-Skills Integrator for the sector. Covid-19 accelerated the digitalisation of retailers, and those who “do not move with the times” will […]
Read MoreAbout 80 percent of surveyed businesses say the biggest obstacle to borrowing money from banks is the lack of collateral. Nguyen Van Than, chair of the Vietnam Association of Small and Medium Enterprises, has said repeatedly at business forums that enterprises cannot borrow money from banks because of the strict requirements on procedures on appraisal […]
Read MoreMANILA, Philippines — The expansion of the Philippine economy is expected to hit the brakes this year, with growth likely to fall below government assumptions on global uncertainties despite easing commodity prices. In a briefing yesterday, Sun Life Investment Management and Trust Corp. (SLIMTC) said the overall economic view remains positive, but headwinds continue to […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) has raised its policy rate by 0.25 percentage points, in a bid to maintain the momentum of the Thai economic recovery. The MPC yesterday voted unanimously to raise the policy rate by a quarter percentage point, from 1.75% to 2%, with immediate effect. The rate hike aligns with […]
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