A decision by Facebook to scrap its live shopping feature in October is unlikely to take a heavy toll on e-commerce in Thailand where sellers have not significantly counted on this function for their sales, according to industry pundits. Facebook owner Meta said “Facebook Live Shopping” will be taken down from Oct 1. Users can still […]
Read MoreBEYOND immediate measures such as a tighter exchange rate policy, Singapore’s deeper response to the global economic challenges that have emerged following the Covid-19 pandemic and the war in Europe must be to transform and be more productive, said Prime Minister Lee Hsien Loong on Monday (Aug 8). “The basic reality is that international economic […]
Read MoreIn long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045. Vietnam’s GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, with backing from resilient manufacturing and a robust rebound in services. […]
Read MoreIn a major boost for the expansion of a new container terminal at the Sihanoukville Port, Cambodia received a 41,388,000,000 yen ($306 million) loan from Japan. At a function presided over by Prime Minister Hun Sen at the Peace Palace on Saturday, Prak Sokhonn, Minister of Foreign Affairs and International Cooperation, and his Japanese counterpart […]
Read MoreTHE former governor of the Bangko Sentral ng Pilipinas (BSP) sees three “storm clouds” that can affect the economy in the Philippines. Amando Tetangco Jr., former BSP governor, identified them as rising debt across countries, surging global inflation and policy normalization in advanced economies. “There is dangerous trend of increased debt is present domestically and internationally. […]
Read MoreThe government plans to raise the mininum wage for the first time in more than two years, by 5% to 8% to help workers cope with the impact of the pandemic, according to the national wage committee and the labour minister. The national wage committee expects to recommend the hike in the daily minimum wage when […]
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Thailand
