All businesses and factories in Laos are required to increase the minimum wage from 900,000 kip (some $108) to 1.1 million kip ($133) a month, effective May 1, 2018. The Lao government has approved the new monthly minimum wage, an increase of eleven per cent, according to an announcement of the Prime Minister’s Office, the […]
Read MoreCORPORATE accelerator Rise plans to steer the startup ecosystem in Thailand towards a US$4 billion valuation in 2020 under efforts to promote new ventures in the domestic and overseas markets. Rise founder Supachai Parchariyanon said that the achievement of the US$4 billion target would equate to 1 per cent of the country’s gross domestic product. […]
Read MoreMANILA, Philippines — The rising global oil prices would continue to hurt the economies of the Philippines and other large net oil importers including Turkey and India, according to a report by Nomura Securities. The report said the Philippines’ trade deficit may increase by 0.5 percent of gross domestic product for every $10 per barrel […]
Read MoreKUALA LUMPUR: The Kuala Lumpur-Singapore High Speed Rail is expected to generate more than 70,000 jobs and the spillover effects is estimated to be RM209bil in Gross National Income. MyHSR Corporation Sdn Bhd announced on Thursday the project would also create opportunities for professionals, skilled workers, and students from all over the country to work […]
Read MoreThe Hanoitimes – Vietnam’s consumer price index (CPI) in the first four months of this year rose 2.8 percent year-on-year, mainly due to price hike of petroleum and food, the General Statistics Office (GSO) reported. Compared with March, the index inched up 0.08 percent, GSO said, noting that prices of six out of 11 goods used […]
Read MoreGROWTH in Asean is expected to remain robust in the coming years on the back of improving global demand, according to a new report out on Wednesday. But two key risks could derail this rosy outlook: interest rates rising faster than expected, or an escalation in global trade tensions. The report was released by the […]
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