Sumpan Kiatsommart, president of Basini Enterprise, which makes shoes for export, decided 15 years ago to set up a second factory near the Three Pagodas Pass in Sangkhla Buri district, Kanchanaburi, to avoid a labour shortage. Mr Sumpan’s decision proved sage, as a huge workforce and cheaper wages followed, which increased the company’s export competitiveness. Founded […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today on concerns over the country’s inflation rate, a dealer said. At 9 am, the local unit was traded at 4.0900/0950 against the greenback from Friday’s close of 4.0870/0900. SPI Asset Management head of trading and market strategy Stephen Innes said the tepid domestic inflation […]
Read MoreThe Hanoitimes – There are immense opportunities for partnerships between South Korean and Vietnamese firms, especially as the former are seeking opportunities to expand in the region. High growth potentials of the Vietnamese market has urged South Korean investors to make more merger and acquisition (M&A) deals with local firms to optimize business opportunities. South Korean […]
Read MoreKUALA LUMPUR: The current re-negotiations on the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil to RM60mil per km as well as a commitment by the Chinese government to buy Malaysian palm oil and bring in projects, according to sources. This means that the construction of the 688-km long ECRL, suspended last July […]
Read MoreThe Transportation Ministry issued on March 29 new regulations on airfare, namely Transportation Ministerial Regulation No. 20/2019 and Transportation Ministerial Decree No.72/2019, to regulate airline ticket prices for economy class services of commercial airlines. The ministry expects the new regulation to protect consumer purchasing power, allowing passengers to enjoy airlines services. The regulation is also expected to end the debate […]
Read MoreMANILA, Philippines — Inflation may fall below three percent in April and remain within this level for the rest of the year, increasing the probability that the Bangko Sentral ng Pilipinas (BSP) may cut interest rates soon, according to London-based Capital Economics. In a research note issued over the weekend, the macroeconomy research firm said […]
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Thailand
