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Thailand: Wage hike looms large for firms

Businesses have mixed reactions to the new daily minimum wage hike finalised by the cabinet on Tuesday as they deal with a raft of economic challenges. The government agreed to new wages ranging from 328 to 354 baht, taking effect from Oct 1. Labour advocacy groups said earlier the last wage increase was in January […]

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Malaysia: CPO inventory soars on better production

PETALING JAYA: Earnings of plantation companies have likely peaked in the second quarter of 2022 (2Q22) as the average crude palm oil (CPO) price of RM4,116 per tonne in July-August is more than one-third lower compared with 2Q22. CGS-CIMB Research said CPO prices could weaken due to higher Indonesian palm oil exports following the recent […]

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Thailand: Energy subsidies extended

The cabinet on Tuesday approved extensions of both the diesel tax cut for two more months and the electricity bill subsidy until December, in an attempt to mitigate the impact of high energy prices. According to government spokesman Anucha Burapachaisri, the extension of the measures is necessary to help people suffering from rising costs of living […]

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M&A deals in Vietnam reach nearly $5 billion in H1

Mergers and acquisitions (M&A) in Vietnam sustained its strong pace in the first six months of 2022 with a total value of $4.97 billion. Despite emerging from the pandemic, Vietnam’s M&A sector had a strong start to the year. Du Vinh Tran, EY’s Indochina strategy and transactions leader, said: “In the Vietnamese market, we still […]

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