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Thailand: Glum outlook for salary rise

Salary increases in Thailand dipped below 5% for the first time in 10 years to 3.7% in 2020, while salaries next year are expected to rise 5%, according to a survey by Mercer Thailand. The figures are based on the annual Thailand Total Remuneration Survey 2020 by Mercer Thailand, which surveyed 577 companies across multiple […]

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Thailand: Tax restructure projected for 2021

The Finance Ministry plans to implement tax restructuring next year in an effort to offset lower tax income and shift the economic structure because of the effect of the pandemic crisis. The ministry has been planning tax restructuring to improve the country’s taxation system and economic outlook, in line with changes in the economic landscape […]

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Malaysia: KLCI pares losses as GDP result lifts

KUALA LUMPUR: The FBM KLCI retraced some of its earlier losses to enter the lunch break just slightly in the red following the announcement of GDP data that contracted at a slower pace than expected. Bank Negara announced earlier today that Malaysia’s economy in the third quarter contracted at a smaller pace of 2.7% in […]

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