In 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 […]
Read MoreTEMPO.CO, Jakarta – Investment Minister Bahlil Lahadalia expressed his optimism that Indonesia is far from recession, its economic growth in 2022 will be above 5 percent, and investment realization will reach the target of Rp1,200 trillion. “For 2022, we are optimistic that, inshallah, we can achieve the economic growth target of above 5 percent and investment, inshallah, reach Rp1,200 […]
Read MoreThe Ministry of Labour and Vocational Training will convene a tripartite meeting on August 15 to negotiate a 2023 minimum wage in the garment sector. The meeting will be attended by workers’ representatives from trade unions and factory owner representatives. In a notice, the ministry said the meeting of the National Council on Minimum Wage […]
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Thailand
