The guaranteed $190 per month minimum wage should be temporarily suspended, to ensure the sector remains competitive until the COVID-19 pandemic is resolved, says the secretary-general of the Garment Manufacturing Association in Cambodia (GMAC). The comments came during annual minimum wage negotiations last week with local garment manufacturing unions and the association, with reports that […]
Read MoreThe Hanoitimes – The resolution would take effect after 45 days since the signing date and be applied for this year’s tax payment period. The Vietnamese National Assembly (NA) on June 19 agreed to cut 30% of corporate tax for businesses with revenue under VND200 billion (US$8.58 million) in 2020. With an endorsement of over 92% […]
Read MoreAfter Tiki and Sendo complete their merger, the e-commerce market will be controlled by three big players – Tiki-Sendo, Lazada and Shopee. The Vietnam Competition and Consumer Authority (VCCA) confirmed that it has received the dossier about economic concentration between Sendo Technology JSC (sendo.vn) and Tiki JSC. Tiki and Sendo, two Vietnamese players in the […]
Read MoreMyanmar is facing a barrage of calls by the international and business community as well as civil rights organisations to lift an internet shutdown imposed in the conflict areas of Rakhine and Chin states. With the blackout, which has affected over one million people, entering its second year this weekend, calls for the government to […]
Read MoreSiam Commercial Bank’s (SCB) digital lending arm Monix has launched a nanofinance service for low-income earners, with a loan target of 300 million baht for the first year of operation. Monix, in collaboration with Chinese tech unicorn Abakus, has extended 20 million baht worth of nanofinance loans to 3,000 customers since the business’s debut on […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has once again warned the public against schemes that are using the name of Finance Secretary Carlos Dominguez to promote bogus cryptocurrency investment platforms. In a statement, the DOF alerted the public about false information circulating online regarding a fake cryptocurrency auto-trading platform called Bitcoin Revolution. “We […]
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Thailand
