The Federation of Thai Industry (FTI) is urging the next government to work more closely with the private sector in crafting key economic policies, stating that further hiking the minimum wage – a policy proposed by several political parties – will hurt the low-income sector and be harmful to the economy. The FTI has prepared […]
Read MoreThe Hanoitimes – The finance ministry`s proposal is part of the government’s efforts to encourage business households to formalize and become enterprises. Vietnam’s Ministry of Finance (MoF) has proposed to reduce the corporate tax income (CIT) rate from the current 20% to 15 – 17% for small and medium enterprises (SMEs) in a move to buttress […]
Read MoreTHE Consumer Price Index (CPI) in February 2019 decreased by 0.2 per cent year-on-year compared to February last year. Prices of food and non-alcoholic beverages decreased by 0.9 per cent. Meanwhile, non-food prices increased by 0.03 per cent. The CPI decrease was largely attributed to decreases in the prices and costs of food and non-alcoholic […]
Read MoreStrong domestic demand will partially offset declining exports, leading to higher-than-expected GDP growth of 3.9% this year, says the Bank of Thailand. The consensus growth projections for Thailand are lower at 3.6%. Don Nakornthab, senior director for macroeconomic and monetary policy at the Bank of Thailand, said trade tensions may play a role this year […]
Read MoreSINGAPORE (BLOOMBERG) – Grab, South-east Asia’s biggest ride-hailing company, plans to double its staff in Singapore to 3,000 by the time it moves into new headquarters next year. Grab signed an 11-year lease for new offices in a development by Ascendas Real Estate Investment Trust. The Singapore-based startup has a five-year renewal option and will […]
Read MoreDEMANDS on the healthcare workforce will increase as Thailand’s population ages, according to research by KPMG Global yesterday. The research show that Thailand has become an ageing society with more than 10 million elderly people accounting for 10 per cent of the total population since the year 2014. On the other hand, children under the […]
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Thailand
