Shanghai has the highest monthly minimum wage in China at RMB 2,690, while Beijing has the highest hourly minimum wage at RMB 26.4. Minimum wages vary by region and are increasing. Minimum Wage Trends in China As of February 19, 2024, Shanghai has the highest monthly minimum wage among 31 provinces at RMB 2,690 (US$370) […]
Shifting supply chains from China to Southeast Asia due to rising production costs and geopolitical factors. Southeast Asia’s investment in infrastructure and energy makes it attractive for manufacturing. Introduction This article, titled “Shifting Supply Chains from China to Southeast Asia,” discusses the geopolitical and economic factors that have prompted many multinational companies to move segments […]
The Royal Thai Police and ACE raided four locations in Bangkok and Surat Thani, targeting the largest torrent tracker site in Thailand, Siambit.me, with over 100,000 VIP members. Four Thai nationals have been arrested. Royal Thai Police and ACE Conduct Raids The Economic Crimes Department (ECD) of the Royal Thai Police, with support from the […]
Nasdaq’s Risk Platform has its first client in Asia, Kiatnakin Phatra Securities in Thailand. The platform offers real-time risk monitoring, decision support, and scalability during market volatility. Nasdaq Secures First Client in Asia Nasdaq has achieved a major milestone by securing its first client in Asia, Kiatnakin Phatra Securities (KKPS) in Thailand, for its Risk […]
Thailand’s inbound spending during Chinese New Year is projected to rise by 44.3% according to data from Trip.com Group. Longer trips beyond Southeast Asia and increased booking windows are contributing factors. Trip.com Group Data Shows 44.3% Rise in Spending for Thailand during Chinese New Year Trip.com Group, a prominent global travel service provider, has released […]
Thailand’s industrial output contracted by 5.11% in 2023 due to slow economic recovery, trade slowdown, high household debt, cautious consumer spending, and rising interest rates. The December expansion and domestic recovery signal a positive future for the manufacturing sector. The government implemented measures to mitigate the impact, but full recovery depends on global economic conditions […]
Car production in Thailand declined by 15.75% in December 2023, marking the fifth consecutive monthly decline. Pickup truck output decline due to bank loan tightening. Decrease in Car Production Car production in Thailand saw a decrease of 15.75% in December 2023 compared to the previous year, marking the fifth consecutive month of decline. This downward […]
China’s economic success is attributed to market forces and the private sector following Mao Zedong’s death. Yasheng Huang’s book criticizes the current regime and examines past success and potential decline in China. China’s Economic Success China’s economic success has been widely attributed to its adoption of market forces and the private sector, which were key […]