Search Results for: Thai

Vietnam’s National Wage Council (NWC) proposed on August 6, a 15.1% increase in region-based monthly minimum wages. Regional minimum wages grew on average by 15.2% this year, and labour unions had demanded rises of over 20%.
If approved by the Prime Minister, the new wage levels will come into effect on January1, 2015 and will range from VND 2.2 million (US$103.8) to VND 3.1 million (US$146.3), depending on the region.…

With less than one-and-a-half years until the Association of Southeast Asian Nations (ASEAN) creates its own European Union (EU)-style single market, the bloc is about to sign off on a ‘mutual recognition arrangement’ (MRA) on accountancy services. This is designed to help the mobility of accounting professionals wanting to work across the 10 member states, and all their governments bar the Philippines (expected to sign in October) have now signed up.…

The Vietnamese textile and garment industry has yet to prepare comprehensively for the onset of the ASEAN (Association of Southeast Asian Nations) Economic Community (AEC) next year. “We are not aware of any AEC impact studies, and I cannot even provide an educated guess,” an otherwise helpful representative of a Vietnamese textile association in Ho Chi Minh City told WTiN.com.…

SKIN whitening and anti-ageing products represent key growth segments for cosmetic manufacturers targeting expanding and increasingly integrated markets in the Association of South East Asian Nations (ASEAN) region. Indeed, producers of these products are set to benefit from a single ASEAN port of entry when the fully integrated ASEAN Economic Community (AEC) is launched next year (2015).…

The global market for halal food is expected to grow from USD698 billion in 2012 to reach USD830 billion in 2016, according to Malaysia’s department of Islamic development, and manufacturers in its country and neighbouring Thailand are competing to service this demand.…

Experts at an international Organisation for Economic Co-operation and Development (OECD) meeting yesterday (June 26) warned that developed world clothing companies implementing international ethical standards when investing in Myanmar would probably compete with Asian companies who ignore such guidance.

Participants at the Global Forum on Responsible Business Conduct (June 26-27) in Paris discussed how the OECD’s ‘guidelines for multinational enterprises,’ which includes responsible business conduct could promote responsible investment in Burma.…

ACCORDING to conventional wisdom, Vietnam’s near-certain inclusion in the Trans-Pacific Partnership (TPP) will clearly be a major boon to the Southeast Asian country’s textile industry. The planned multinational free-trade zone encompasses 12 countries that together make up 40% of global gross national product (GNP).…

Critical trade negotiations for the Thai textiles and garment industry may be at risk following the declaration of martial law on Tuesday, according to the country’s garment manufacturers’ association. After months of political impasse, Thailand’s military imposed martial law on May 20 (Tuesday) in response to the threat of civil war and the overthrow of the government.…

THE FOURTH largest country in the world by population, with an expanding middle class, Indonesia is an attractive base for many of the world’s global paints and coatings companies.

Mr Yoichi Yonehara took over the helm at PT Kansai Prakarsa Coatings two years ago and in that time he has had the opportunity to witness not only a coatings industry in evolution but also a country in a period of great change.…

THE EUROPEAN Union’s (EU) RASFF food safety alert service has warned of e-coli being detected in Brazilian meat cargoes exported to Europe. Dutch customs officials rejected three consignments of chilled beef from Brazil after discovering they had been contaminated with shigatoxin-producing Escherichia coli.…