The government has decided to increase the salaries of board of directors of state-owned enterprises (SOEs) this year, based on a regulation issued by the SOEs minister on May 31. The salary increase is based on Regulation No. PER-01/MBU/05/2019, which was an amendment of Regulation No. PER-04/MBU/2014 on the income of boards of directors, boards […]
Read MoreRETAIL investors’ interest in Singapore Savings Bonds (SSBs) has waned in recent months, likely due to competition from banks offering higher rates for fixed deposits, DBS Group Research said on Thursday morning. The total applied amount for May and June has been hovering around S$275 million each month, down from more than S$400 million previously. […]
Read MoreA hike in the daily minimum wage could discourage Chinese manufacturers in labour-intensive industries from relocating their production base to Thailand, says a Chinese banking executive. “This is a very big problem for some low-end [Chinese] factories,” said Zhigang Li, chairman of the board of directors at ICBC Thai. “If the labour cost increases, they […]
Read MoreThe Hanoitimes – The move aims to systematize the standards and conditions for a product to be labeled as “Made in Vietnam” or of Vietnamese origin. Vietnam’s Ministry of Industry and Trade (MoIT) is gathering feedback for the first draft of criteria for products to be certified as made-in-Vietnam, VnExpress quoted Deputy Ministry of MoIT Tran […]
Read MoreDespite higher electricity prices, if businesses are able to enjoy a regular, uninterrupted supply of power, the move is still welcome as most will still be commercially viable, some investors said. “In the last year alone, blackout time in our factory was over 300 hours. When the power is out, we have to run the […]
Read MoreThe number of domestic tourists in Bali from January to April decreased to 363,161, marking an 11 decrease in tourists from the same period in 2018, according to Colliers International Indonesia, which blamed high airfares on the slowdown in tourism. The hotel occupancy rate also decreased, dropping to 62.7 percent in the second quarter of 2019, a 2 percent decrease from the second quarter […]
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