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Thailand: Govt plans ‘relocation package’ to draw foreign investment

Economic ministers are planning a “relocation package” to attract foreign companies looking to move their factories because of global trade tensions, officials said on Thursday. The Thai economy, Southeast Asia’s second-largest, grew at its weakest pace in nearly five years in the second quarter, on declining exports and soft investment. The relocation package will be discussed […]

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Culture shock jolts 60% of foreign workers in Vietnam

The Hanoitimes – The survey on “Overseas candidates: Expectation and challenges when working in Vietnam” was carried out on overseas respondents from different continents and working positions. As many as 60% of foreign respondents, who are working in Vietnam experience culture shock regarding “social value system” due to the lack of preparation through special training courses […]

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Singapore: Govt to engage businesses on raising of retirement age, develop support package: DPM Heng Swee Keat

SINGAPORE – Ministers from the Finance Ministry will continue to actively engage businesses, unions and other stakeholders, and develop a support package to help with the transition to higher retirement and re-employment ages. In a Facebook post on Tuesday (Aug 20) night, Deputy Prime Minister Heng Swee Keat said he had spoken to many unionists, […]

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Laos, Thailand To Build Another Friendship Bridge

Laos and Thailand are considering the construction of one more friendship bridge to connect the two countries in a move that would link Vientiane Province and Loei. The governor of Vientiane Province, Mr. Khamphan Sithidampha told reporters on August 16 that Vientiane provincial authorities had proposed the project to the government for its consideration. “We […]

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How Grab is transforming finance and payments in Southeast Asia

Southeast Asia often makes headlines for its immense growth potential, with a rising mobile economy and increasing GDP. But at the same time, there are still issues to contend with. Approximately 73% of the region’s population remains unbanked, which has several adverse consequences. For one, bank accounts enable people to conduct daily transactions, and not having one greatly limits upward mobility. Proper savings which […]

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