Cheapest labour in Asia: Not Myanmar, not Bangladesh
September 14, 2013
In the past years, there has been a notable shift of labour costs within Asia, and China is no longer leading the pack. The newly released research paper Economic and…
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Thailand to cut import duties on designer goods
Thailand’s government said on September 8 that it will scrap import duties on designer goods such as luxury watches, clothes, perfumes and cosmetics in order to help the country compete…
Tourist numbers to Indonesia increase 6.4%
The number of foreign tourist to Indonesia, who were mainly visiting Jakarta, Bali and Batam, has increased by 6.4 per cent from January to July 2013, reaching a total of…
Insights on Brunei’s global competitiveness ranking
The Global Competitiveness Report 2013-2014 of the World Economic Forum (WEF) has shed an interesting light on the current state of Southeast Asian economies, and specifically Brunei. The Sultanate went…
Competition among ASEAN budget carriers heats up
The aviation market for low-cost carriers or budget airline in Southeast Asia is becoming tougher even though in some markets the industry is close to saturation. The total budget airline…
Myanmar investment reaches new heights
Myanmar received a total of $731 million in foreign investment in August 2013, pumping up the total investment in the country to $43 billion, according to the Directorate of Investment…
Unlicensed Chinese lipsticks in Philippines may contain lead
On September 8, Philippines officials warned the public to avoid using unlicensed, illegitimate Chinese-made lipsticks that purported on being big brands due to the products possibly containing high amounts of…
Thai rubber protests spread – prices surging
Protests of Thai rubber farmers demanding government compensation for low world market prices for the commodity spread on September 4, with around 12,000 farmers in the south of the country…
Vietnam’s exports grow, but prices remain challenging
Vietnam’s economy seems to get back on track, given the latest export figures. The Ministry of Industry and Trade on September 3 has estimated that Vietnam’s 8-month export earnings in…
Tourism: Top 10 foreign spenders in Malaysia
A new study by credit card firm Visa has listed the top spenders among card holding tourists coming to Malaysia in 2012. The result: Visitors from Singapore were top with…
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