Concerns of disruption and job losses are mounting among Myanmar’s gold leaf makers as demand rises for a swifter, more economical option to produce gold leaf sheets, used mainly for gilding at religious structures like pagodas. Now that machines capable of manufacturing gold leaf sheets are more readily available and affordable, the handmade industry is […]
Read MoreDespite Bank Indonesia (BI) prohibiting the use of digital currencies like Bitcoin as a payment instrument, the central bank is considering issuing a cryptocurrency or digital rupiah. Assistant to BI executive director for payment systems Susiato Dewi said the digital rupiah would be trialled this year in an effort to help make the payment system more efficient. “The physical banknotes we currently use may be converted […]
Read MoreBusinesses and factories may soon be required to increase the minimum wage from the present 900,000 kip to 1.1 million kip a month in a bid to improve workers’ standard of living. This message was reiterated at a meeting last week attended by Minister of Labour and Social Welfare, Dr Khampheng Saysompheng, and representatives of […]
Read MoreONLY 14 per cent of small and medium-sized enterprises here intend to expand ovearseas while almost half had no interest in taking their business beyond Singapore in the near future, a survey found. In the poll by QBE Insurance of more than 400 firms, 45 per cent said that they will not explore expansion across […]
Read MoreUnreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, vice chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday. Capital gains tax on the sale of a property in Myanmar is currently 30 percent, which is deterring activity in the real […]
Read MoreThe Hanoitimes – During the first 15 days of 2018, Vietnam’s total export value reached US$9,257 billion while imports amounted to US$9.56 billion, according to the General Department of Vietnam Customs’ latest statistics. Three commodity groups with export value of US$1 billion or above dominated the list. Textiles and garments reached nearly US$1,108 billion, up by […]
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Thailand
