MANILA, Philippines — The Department of Finance (DOF) expects the cost of food and transportation to rise in July due to price hikes in the international market, but supply stability and energy innovation should hold off rates from skyrocketing any further. In an economic bulletin, Finance Undersecretary and chief economist Gil Beltran said inflation the […]
Read MoreTHE successful adoption of the Industry 4.0 technologies, and the development of a higher skilled workforce, are key to advancing Singapore’s goals of becoming the global innovation and talent hub for advanced manufacturing, said Manpower Minister Tan See Leng at a doorstop visit on Wednesday. To help companies achieve this, Dr Tan highlighted the few […]
Read MoreKUALA LUMPUR: Mean monthly salaries and wages fell 9% to RM2, 933 in 2020 from RM3, 224 in 2019 due to the fallout from the Covid-19 pandemic, strict restrictions and health crisis, the Statistics Department said. In its Statistics of Salaries and Wages, Malaysia, 2020 Report released yesterday, the department said the decline was the […]
Read MoreThe newly-established Cambodia Business Council (CBC) in Bangkok and Thai Subcontracting Promotion Association (Thai Subcon) will join forces to enhance trade and investment between the two ASEAN neighbours, and build momentum for the implementation of Cambodia’s 2021-2023 Economic-Diplomacy Strategy. A memorandum of understanding (MoU) was signed in this regard by CBC president Sambath Sothea and […]
Read MoreThe recent 42-billion-baht package of financial assistance for people and businesses affected by the partial lockdown is far from sufficient to offset the impact of rising infections, says the head of the local commerce chamber. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, proposed the government immediately draw a budget from the new 500-billion-baht […]
Read MoreMANILA, Philippines — Dutch financial giant ING Bank sees the Philippines lagging in terms of recovery from the pandemic as it slashed the gross domestic product (GDP) growth forecast to 4.7 percent instead of five percent this year. Nicholas Mapa, senior economist at ING Bank Manila, said the downward revision was brought about by the […]
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