WAGES across South-east Asia are expected to increase in 2023, with median salary increments forecast to rise as much as almost 8 per cent on the top end. A recent study from financial services company Aon found that Vietnam is expected to take the lead in the region, with median salary increments of 7.9 per […]
Read MoreTHE economic growth rate for South-east Asia may wane in 2023 amid intensifying global headwinds, but the region is likely to stay a bright spot in a world edging towards a recession, economists say. John Woods, the chief investment officer (Asia-Pacific) at Credit Suisse, expects the growth of Asean-6 economies – Indonesia, Malaysia, the Philippines, […]
Read MoreMOST Asian currencies recovered marginally on Tuesday, with the South Korean won and Singapore dollar leading gains, as the U.S. dollar pared some of its overnight gains. The Malaysian ringgit declined sharply as political uncertainty dampened sentiment. The U.S. dollar, which rallied in the previous session on mounting worries over China’s COVID situation, moved broadly […]
Read MoreMajor ASEAN economies, which seem to be growing out of the Covid-19 pandemic impact, are likely to face tough growth prospects the next year due to hardening interest rates across the globe, particularly the rate hikes by the US Federal Reserve, and cooling Chinese economy mostly due to tough anti-Corona stance. The overall gross domestic […]
Read MoreThe nascent revival in North Asian equities is being touted as the start of a potential bull run as bets for China’s gradual reopening as well as the bottoming out of the chip industry intensify. Strategists at Goldman Sachs Group Inc expect Asia’s equity leadership to shift from Southeast Asia and India to markets like […]
Read MoreThailand’s economy is expected to grow by 3-4% next year, growth supported by the tourism industry and as an outcome of the Asia-Pacific Economic Cooperation (Apec) summit, a seminar was told. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, on Saturday gave a keynote speech during a seminar entitled “Connect the dots: Enhancing Thailand Competitiveness” in […]
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