The latest unemployment figures in Laos stand at more than 61,000 due to an economic recession plaguing the country. The President of the Lao Federation of Trade Unions, Ms. Aly Vongnorbountham, revealed that over 61,000 people are currently unemployed in Laos, as the minimum wage on offer is not at par with the living standards of workers […]
Read MoreSoutheast Asia and China have emerged as the two leading destinations for overseas expansion as 83% of businesses in Asia are keen to expand abroad, according to a recent report. The latest Business Outlook report released by United Overseas Bank (UOB), which surveyed more than 4,000 small and medium-sized enterprises (SMEs) in the region as well […]
Read MoreMANILA, Philippines — The Philippine Competition Commission punished Grab Philippines to the tune of P9 million, after the ride-hailing giant failed to refund consumers in full more than three years since they were ordered to do so. A PCC statement on Monday said this new fine will be added to the P63.7 million in penalties stockpiled […]
Read MoreReducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by businesses in the South-eastern region to the State Bank of Vietnam. HCM CITY — Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the […]
Read MoreThe Thai baht advanced to the highest in more than five weeks after opposition parties emerged as the biggest winners in the general election over the weekend. The baht climbed 0.9 per cent to 33.70 per United States dollar on Monday, the highest since April 5, before paring its gain to 0.5 per cent. Against the Singapore […]
Read MoreCambodia exported $2.89 billion worth of goods to the Regional Comprehensive Economic Partnership (RCEP) countries in the first quarter of this year, up 16 percent from the same period last year, according to data from the Ministry of Commerce. Cambodia’s top three export destinations in the RCEP were Vietnam, Thailand, and China, with shipments worth […]
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