Finance Minister Sri Mulyani Indrawati has stressed that the new regulation to be issued in days will curb imports on consumer goods, which were blamed for ballooning trade deficit in July and increasing the current account deficit (CAD). President Joko “Jokowi” Widodo summoned a number of economic ministers to have a meeting on the issue […]
Read MoreThe National Assembly of Laos amended the 2006 Labour Law in 2013, which came into effect on 29 October 2014. The 2013 Labour Law is applicable to Laotian employees as well as foreign employees working in Laos. Wang Jihong Zhong Lun Law Firm Employees in Laos enjoy a high degree of protection, and in certain […]
Read MoreThe Labour Ministry has stood firm on its plan to lift the monthly contribution ceiling to the Social Security Fund (SSF) from 750 baht to a maximum of 1,000 baht a month. The contribution rate will still be the same at 5% of monthly salaries, but the maximum salary used to calculate the 5% individual […]
Read MoreIndustry Minister Airlangga Hartarto has said that the government is planning to impose 7.5 to 10 percent import tariffs on downstream products in an effort to curb imports. For raw materials, the import tariffs will be 2.5 percent. “We are still studying the HS (harmonized system). We [will] keep the tariffs for the raw materials low while the […]
Read MoreThe Hanoitimes – Many foreign companies are planning to pour more investments for expansion in Vietnam in the long run after gaining good business performance in the fruitful market. Thailand’s Siam Cement Public Company Limited (SCG) has recently shown its ambition plans to increase investments in the Vietnamese market, acquiring a stake in Long Son Petrochemical […]
Read MoreMANILA, Philippines — The Philippines’ manufacturing activity registered a “quicker” pace of growth in August, sharing the second place with Indonesia while factory growth in Southeast Asia regained some momentum in the middle of the third quarter, according to monthly tracking done by IHS Markit for Nikkei, Inc. The Philippines chalked up a “modest increase” of 51.9 Purchasing Managers Index, […]
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Thailand
