SINGAPORE: Singapore will launch a new initiative to attract more locals to join its manufacturing sector, while redoubling efforts to nurture a “vibrant core” of homegrown manufacturers, Trade and Industry Minister Gan Kim Yong said on Friday (Mar 4). These are steps that the country is taking to achieve its Manufacturing 2030 vision. First announced […]
Read MoreAmid surge in oil prices MANILA, Philippines — The Philippines will incur the biggest reduction in gross domestic product (GDP) in Asia at 0.4 percentage point as global oil prices continue to soar following Russia’s invasion of Ukraine, JP Morgan Chase & Co. said. In a research note titled “EM Asia: Thinking Through the Macro […]
Read MoreThailand’s economy will suffer from indirect impacts of the military conflict between Russia and Ukraine, with reduced consumer confidence and higher cost of living, Thai Chamber of Commerce chairman Sanan Angubolkul said on Thursday. In addition to the short-term effects, he advised that the Thai government and businesses prepare for possible long-term impacts of worsening […]
Read MoreManufacturing businesses are facing a talent shortage under the digital transformation impact in the fourth industrial revolution (Industry 4.0), requiring them to set up holistic talent acquisition and development strategies. ManpowerGroup Vietnam and the American Chamber of Commerce in Hanoi jointly hosted the webinar, “Tackling the talent shortage in manufacturing under Industry 4.0”, last week, […]
Read MoreDifficulties in getting investment licenses, the imbalance of market supplies due to the investors’ lack of appetite for budget housing projects, and the Covid-19 pandemic have led to a rise in housing prices. Clearing bottlenecks in the land portfolio is seen as a key measure for the development of budget commercial housing projects in Vietnam. […]
Read MoreThai exports are maintaining their growth momentum, expanding 8% year-on-year in January thanks to the global economic recovery, an easing of the container shortage and promotions by authorities. The Commerce Ministry reported on Wednesday customs-cleared exports fetched US$21.3 billion, with imports rising by 20.5% to $23.7 billion, resulting in a trade deficit of $2.52 billion. […]
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