SINGAPORE is not going cashless “for its own sake”, but to enhance the competitiveness of its economy, said Vivian Balakrishnan, minister-in-charge of the Smart Nation Initiative, at the Committee of Supply debate on Thursday. Dr Balakrishnan was responding to Desmond Choo, a member of the People’s Action Party and mayor of the North East District […]
Read MoreSINGAPORE/BANGKOK Tighter restrictions on foreign labor in Malaysia and Thailand have pushed out millions of migrant workers, driving up wages and threatening a growth model reliant on freedom of movement and cheap labor. Malaysia’s Top Glove, the world’s largest manufacturer of rubber gloves, faces a very challenging increase in labor costs, according to Executive Chairman Lim Wee […]
Read MorePhnom Penh Autonomous Port (PPAP), one of three state-owned enterprises listed in the local stock market, will increase dividend payouts by 20 percent for those who own company shares as of March 9. The increase in cash dividends follows a rise of more than 30 percent in the company’s net profit last year, according to […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) said it is ready to stabilize and intervene the market in a bid to prevent the rupiah from plummeting further, hence protecting Indonesia’s economy from turmoil. “Since this is related to the market, the strategy is a top secret,” BI director for monetary management Doddy Zulverdi told the press in Jakarta, Thursday, March 1. On […]
Read MoreOnly capital investments in commercial livestock farming exceeding $5 million or K6 billion will require approval from the Ministry of Agriculture, Livestock and Irrigation, according to the Myanmar Investment Commission on Wednesday. Investments in commercial livestock farming below $5 million will no longer require government approval. Investments in livestock and fisheries, which include those in […]
Read MoreBUSINESSES will soon be able to receive payments from other businesses and even consumers through homegrown funds transfer tool PayNow, announced Vivian Balakrishnan, Minister-in-Charge of the Smart Nation Initiative, at the Committee of Supply debate yesterday. The Business Times understands that PayNow Corporate will be launched around August this year, and will likely impact B2C […]
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