Vietnamese families have been consuming less pork in recent months as prices increased, switching to other sources of protein like chicken and eggs. Ngoc Thao from HCMC, 32, said that one kilogram of bacon now costs between VND150,000-180,000 ($6.43-7.72), depending on whether it is purchased at a traditional wet market or a supermarket. Cheaper cuts […]
Read MoreThe Employers’ Confederation of Thai Trade and Industry (EconThai) has come out in support of a daily minimum wage hike if the increase is appropriate based on current inflation. The pay rise is currently being considered by the tripartite national wage committee. Tanit Sorat, vice-chairman of EconThai, said he expects the final rate to be […]
Read MoreMORE businesses want to hire more employees in the third quarter (Q3) of this year than they intend to expand their operations, a recent survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed. Business Expectation Survey (BES), the percentage of businesses planning to expand in the industry sector has dropped to 17.9 percent from […]
Read MoreGrab super-app launched its pilot food delivery service – GrabFood – in Phnom Penh’s central business district yesterday, which will help users connect with over 200 outlets. The beta version will connect consumers with both local and international brands such KFC, The Pizza Company, Habit Burger Grill, Lotteria, Bonchon, Gongcha, Heekcaa, Chatime, Chatramue, Gloria Jean’s […]
Read MoreBanks have indicated higher interest rates are planned for mortgages and auto loans in response to rising financial costs and a policy rate hike. However, all banks have maintained their benchmark loan rates. Nathapol Luepromchai, executive vice-president of Bank of Ayudhya, who heads the bank’s mortgage division, said banks have begun to stop offering two-year […]
Read MoreCambodia is now weathering an oil price shock, just as the economy had started to recover amid a rollback of COVID-19-related restrictions. The country imports 100 percent of its oil products, and its terms of trade have worsened quickly as oil prices surged. Unlike last year, when the current account deficit widened significantly because of […]
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Thailand
