As the US-China trade war continues to brew, construction activity in Asia is at risk of becoming collateral damage, economists at Oxford Economics say. They noted, however, that the impact on the sector across countries will vary widely with some areas receiving a boost, as manufacturing activity is diverted from China. In Vietnam and Indonesia, […]
Read MoreEven as the US-China trade war intensifies, analysts at Fitch Solutions Macro Research said that the rare earth mining, textiles manufacturing and information and communications technology (ICT) manufacturing sectors of the Vietnamese economy will benefit from the changes brought on by the US-China trade war, namely the supply chain shift out of China. Rare earth […]
Read MoreSome of Myanmar’s business leaders are urging those of their compatriots who have been slow in repaying their loans to do so in order to avoid a financial crisis. There has been speculation that banks would be suing businesses that have not been repaying their loans on a regular basis or have defaulted to pay […]
Read MoreThe minimum wage was introduced to Thailand in the mid 1970’s as a way to protect against basic labour being taken advantage of and provide a guaranteed minimum wage for all workers. However, it was never applied to “all workers”. The International Labour Organisation (ILO) said that this was the “minimum sum payable to a […]
Read MoreMANILA: The Philippine central bank will make another 25 basis point cut in policy rates before the end of the year as it expects prolonged global monetary easing, its governor said on Tuesday. “Another 25 basis points before the end of the year,” Bangko Sentral ng Pilipinas Governor Benjamin Diokno replied when asked at an […]
Read More[BANGKOK] Thailand’s manufacturing production index (MPI) in July dropped 3.23 per cent from a year earlier, dragged down by lower production of cars, petroleum and steel, the industry ministry said on Tuesday. That compares with a forecast of 3.05 per cent decline in a Reuters poll, and June’s revised 5.3 per cent contraction. Capacity utilisation […]
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