KUALA LUMPUR: Consumer spending is expected to grow by about 5% to 6% this year in line with the country’s economy, said Minister of Finance II, Datuk Seri Johari Abdul Ghani. He said on Friday Malaysia’s economy was expected to expand by between 5% and 5.5% this year. The increase in purchasing power was due […]
Read MoreMANILA, Philippines — Income inequality in the Philippines grew over the two years to 2014, according to a new report from Oxfam International. According to Oxfam, the Philippines’ Gini coefficient—a standard measure of income inequality from 0 to 1, with 0 representing total income equality—rose near 0.60 level in 2014 after settling above 0.40 in 2012. Oxfam […]
Read MoreSouth Korea is eyeing expansion opportunities in manufacturing and infrastructure in Myanmar. At the Myanmar-Korea Investment Promotion Seminar in Yangon on Thursday, a delegation of 13 South Korean countries met with officials from the Ministry of Transport and Communication and Ministry of Electricity and Energy (MOEE), seeking opportunities to invest in the two sectors. “We […]
Read MoreTHE Philippines’ gross international reserves (GIR) marginally declined in January with the Bangko Sentral ng Pilipinas (BSP) attributing the drop to its foreign exchange operations and national government’s foreign debt payments. Central bank data released on Thursday showed the country’s foreign exchange reserves at $81.205 billion, down 0.44 percent from December and the $81.376 billion […]
Read MoreTEMPO.CO, Jakarta – Indonesia as the fourth largest coffee producer in the world is exploring potential Vietnamese market, Antara reported Thursday, Feb. 8. The Embassy of the Republic of Indonesia in Hanoi and Viet Nam Coffee Cacao Association (VICOFA) has held a business forum Promoting Indonesia-Viet Nam Cooperation in Coffee in Hanoi. The business forum was aimed at making Indonesian coffee marketable in the […]
Read MoreLaos and China have agreed to ongoing cooperation in the labour sector with feasibility studies for the construction of a new Skills Development Centre in Oudomxay province. A survey has already been undertaken to explore the best location for the centre and further studies will focus on identifying actual labour skills development needs in the […]
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