Worrying about the escalation of trade tensions between the US and China as well as China’s Covid-19 lockdown, Google may move its smartphone orders to partner factories in Vietnam in the near future. Previously, the US technology giant had a plan to produce smartphones in Vietnam. However, due to the pandemic, as well as China’s […]
Read MoreTEMPO.CO, Jakarta – Research firm Populix has released its latest survey on consumers’ preference for banking and e-wallet apps which found that 64 respondents own banking and financial services apps on their mobile devices. They also found that 91 percent of respondents own mobile banking apps while 84 percent already have an e-wallet account, and 33 percent have installed digital […]
Read MoreMALAYSIA’S central bank on Wednesday (Jul 6) raised its benchmark interest rate for the second straight meeting, as it looked to tame rising inflation while keeping an eye on unexpectedly weak global economic growth. Bank Negara Malaysia (BNM) lifted its overnight policy rate by 25 basis points to 2.25 per cent, as expected by all […]
Read MoreDespite the pandemic and global political upheaval, which has hit supply chains, a scarce supply of raw materials and rising logistics costs, Vietnam’s export turnover of wood and wood products has still increased. In the first quarter of 2022, the figure reached 4.3 billion USD, up 4.4% year on year. Many Vietnamese furniture enterprises have […]
Read MoreThailand’s weakening baht is being driven down by external factors and the central bank is closely monitoring the situation, Finance minister Arkhom Termpittayapaisith said, with the currency trading at its weakest level in more than five years against the dollar. There were no large capital outflows from the debt market, Mr Arkhom told reporters on […]
Read MoreCambodian labour unions have quoted $204-214 as the minimum wage for the textile, garment, footwear, bags and travel goods sectors in 2023—up from this year’s $194—ahead of negotiations this month among worker associations. Bilateral and tripartite talks between government officials, factory owners and workers are scheduled to begin in August. The ministry of labour and […]
Read More
Thailand
