MANILA, Philippines — Local car manufacturers saw sales rebound in August amid a vaunted economic reopening that lifted demand, helping the industry remain on track to meet its target for this year. A total of 30,185 units were sold in August, as sales fattened 90.5% year-on-year according to a joint report by the Chamber of […]
Read MoreThe Economic Intelligence Center (EIC), a research house under Siam Commercial Bank, has upgraded its inflation rate projection for this year to higher than 6% before falling to the near the Bank of Thailand’s target range next year. The EIC increased its inflation assessment for 2022 to 6.1% from the previous forecast of 5.9%, mainly as […]
Read MoreBusinesses 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 […]
Read MorePETALING 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 […]
Read MoreThe 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 […]
Read MoreMANILA, Philippines — Companies in the Philippines would likely temper salary increases next year, as firms try to recover from the pandemic’s onslaught while convincing top talents to stay. Local employers are projected to bump up employees’ salaries by 5.3% on average next year, American asset management firm Mercer said in a report. If realized, […]
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Thailand
