Recovering businesses say they are not ready for the increase, but workers say wages still won’t be enough. Laos’ minimum wage will increase to 1.2 million (U.S. $80) per month starting on Aug. 1, the country’s government announced, despite complaints from business owners that say they cannot afford the increase. The Lao National Labor Committee […]
Read MoreSBV will continue to keep interest rates unchanged in order to sustain macro-economic stability and control inflation, in contrast with the ongoing trend adopted by central banks of many countries worldwide, according to economic experts. Dr. Vo Tri Thanh, director of the Institute of Branding and Competition Strategy, agrees that monetary policy plays a vital […]
Read MoreThe National Bank of Cambodia (NBC) is working with Thai authorities to promote the use of KHQR more broadly between the two countries, a move that would encourage cross-border cashless payment. KHQR is a universal quick response (QR) code system created for retail payments in the Kingdom and cross-border payments within the ASEAN bloc, according […]
Read MoreTourism operators in Betong and Hat Yai are banking on cross-border tourism from Malaysia to shore up the local economy, while encouraging a more seamless immigration process to facilitate the flow of tourists. Narin Ruengwongsa, vice-president of the Betong Tourism Association, said the number of tourists from Malaysia significantly increased after the Thailand Pass scheme […]
Read MoreThe Ministry of Finance again proposed the Government lower the MFN tariff on unleaded gasoline to 10% from 20%, instead of 12% as earlier suggested, apart from efforts to cut the environmental protection tax on fuels to the floor level. The Finance Ministry has sent a dispatch asking the Ministry of Justice to appraise a […]
Read MoreAfter weeks of saying the BSP is being very cautious about raising the interest rate despite the weakening peso, it surprised everyone when it raised it by 75 basis points last week. It was in reaction to the US inflation rate zooming to 9.1 percent, fueling speculations US interest rates could rise by a full […]
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Thailand
