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Mercer: Thai salaries to spike by 5% in 2018

Salaries in Thailand are projected to grow 5% this year across industries, according to results from a survey by the global consultancy Mercer.  The automotive sector was projected to have the highest salary increases at 5.5%.  Ake Ayawongs, chief executive and partner of Mercer Thailand, said the future of work in the digital era poses […]

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Philippines ‘very careful’ with China loans

MANILA, Philippines — Budget Secretary Benjamin Diokno yesterday assuaged fears that the country may fall into a “debt trap” as he assured the public that the government is “very careful” in dealing with China’s loan offers. The budget chief made the statement following US Vice President Mike Pence’s warning against China’s “debt diplomacy” during his speech at […]

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Fitch cuts growth forecast for Malaysia to 4.6%

PETALING JAYA: Fitch Solutions Macro Research has cut its growth forecast for Malaysia for 2018 and 2019, following a weaker-than-expected performance in the third quarter of the year. The unit of rating agency Fitch Group now expects Malaysia’s gross domestic product (GDP) in 2018 to grow at 4.6%, compared with its previous forecast of 5.1%. […]

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Cambodia: Ecotourism policy draft approved

The Council of Ministers on Monday approved the draft national policy on ecotourism. It will be sent to the national assembly this week before it is turned into law, said Council of Ministers spokesman Phay Siphan. Siphan said while Cambodia’s ecotourism sector is showing higher potential to attract tourists, the policy would help to protect […]

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