Author: Nathaniel Fields

Myanmar has increased the daily minimum wage rate after a five-year hiatus to 5,800 kyat (US$2.76) for an 8-hour day, from 4,800 kyat (US$2.28). The new rate impacts both public and private sector workers in the country and means employees will see a 20 percent increase from the previous salary. The previous minimum wage hike was implemented in 2018. The new minimum wage rate is applicable as of October 1, 2023. Myanmar’s military government implemented the reforms amid soaring inflation with the Asian Development Bank predicting that inflation reached 14 percent in September. In contrast, the developing Asia region could…

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Thailand’s new Prime Minister has been off to a rocky start. The ascension in August of Srettha Thavisin, a former real estate developer and relative newcomer to politics, was marked by controversy—his Pheu Thai party partnered with the country’s military-backed and monarchy-supporting establishment, helping to prevent the more popular, progressive Move Forward party from taking power. His first month, too, was capped by tragedy, after a 14-year-old shooter killed two and injured five people at a popular mall in Bangkok on Wednesday. Srettha, meanwhile, has set out over his first few weeks to define his premiership around economic populism, likening…

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BANGKOK — “I have a dream that everyone should have the ability to access medical care equally,” says Oraphan Wanacharoen (Ice), BGI Genomics Field Application Scientist. “It’s very challenging to achieve such a goal in Thailand. With the advanced technology of the company and our sustained development, I believe that we will be able to realize this dream.” Known as Ice to her friends and family, she has been passionate about this dream since her days at Chulalongkorn University and Chulabhorn Graduate Institute, where she graduated with a BSc in Genetics and an MSc in Carcinogenesis, Environmental Toxicology, respectively. Ice continues to…

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BANGKOK/HANOI — Southeast Asian countries are rushing to expand their major airports to meet rising domestic demand as well as attract foreign investment and travelers to boost economic growth, although some plans are raising concerns about over- investment. According to Nikkei research into expansion plans for airports near the capital cities of seven countries in the region — Thailand, Vietnam, the Philippines, Malaysia, Indonesia, Singapore and Cambodia — total annual passenger handling capacity will reach at least 653 million people by 2030, nearly doubling from the 336 million people as of January 2023. In Thailand, a satellite terminal opened at…

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HÀ NỘI — Ninety direct meetings were organised between businesses from South Korea’s Daegu City and Gyeongbuk Province and Vietnamese enterprises in a trade promotion event facilitated by the Korea Trade Investment Promotion Agency (KOTRA Hanoi) this week. The event featured nine businesses from Daegu City and six from Gyeongbuk Province, showcasing a diverse range of products such as cosmetics, food, dietary supplements, beverages, household goods, and LED electrical equipment. During the event, 45 Vietnamese businesses found suitable Korean partners. Lee Jun Dae, Director of H&H Group in Korea, said: “The Việt Nam-Korea Free Trade Agreement (FTA) has created favourable…

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BANGKOK — Việt Nam’s display at the Defence & Security 2023 Show in Bangkok on November 6-9 has attracted attention from international visitors and potential partners. This is the first time Việt Nam has participated in the event, which is a prestigious military exhibition not only in Southeast Asia but also the world. This year’s show attracts some 500 prominent military manufacturers from 50 countries, including renowned companies such as Thales Group from France, Saab Group from Sweden, Diehl Group from Germany, ASELSAN Group from Turkey, and Embraer Aerospace Corporation from Brazil. Viettel High Technology Industries Corporation from Việt Nam’s…

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Ambassador Đặng Hoàng Giang, Permanent Representative of Việt Nam to the UN, has urged countries worldwide to implement commitments and enhance actions and finance for climate to effectively address impacts of climate change and sea-level rise. He was addressing the Informal Plenary Meeting on Existential Threats of Sea-level Rise Amidst the Climate Crisis at the 78th UN General Assembly in New York on November 3. These should include commitments made at the Conference of the Parties to the UN Framework Convention on Climate Change and the Climate Ambition Summit in September 2023, he said. The diplomat said Việt Nam welcomed…

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Developing a sustainable business culture that helps increase competitiveness is important for Việt Nam’s prosperity, heard attendees at the Multi-Stakeholder Forum (MSF) 2023 held in Hà Nội yesterday. The forum was themed: “Utilising the power of Việt Nam’s business culture towards sustainability and competitiveness in times of change”. In particular, in the context of the world’s increasingly complex fluctuations, awareness and promotion of cultural advantages play a pivotal role in shaping Việt Nam’s future as a responsible business community and emerging economy with aspirations to become even stronger in the future. Speaking at the forum, Phạm Tấn Công, President of the…

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Berlin (22/10 – 75) UN Special Rapporteur on Minority Issues, Fernand de Varennes, reported during his trip to the Gorno-Badakhshan Autonomous Region in Tajikistan, he met with representatives of civil society and residents of the region. Varennes arrived in Tajikistan for a working visit on October 9 till October 20. The UN Special Rapporteur told journalists that the residents of Gorno-Badakhshan informed him about violations of their rights in 2021-2022, particularly concerning the rights of detainees and cases of harsh treatment by law enforcement agencies. He stated, “People are complaining about religious restrictions as well as limitations on the use…

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With a coastline covering thousands of kilometers long and many international ports, Vietnam has a weak vessel fleet; thus, the freight transport market share is dependent on foreign shipping companies. The shipping industry is facing major investments and solutions are needed to promote the potential and advantages of a maritime nation. As a businessman with experience in import-export business for decades, Chairman of the Board of Directors of Phuc Sinh Company Phan Minh Thong said that if Vietnam had a strong vessel fleet, Vietnamese businesses could be more proactive in cooperating with their partners. He pointed out that during the…

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