Why raise minimum wage is bad

Phnom Penh (VNA) - Cambodian Labour Minister Ith Samheng on September 10 announced the new monthly minimum wage for the country’s garment and footwear industry at 192 USD in 2021 from current 190 USD, although the sector has been badly hit by the COVID-19 pandemic. The Minister said Prime Minister Hun Sen decided to increase the minimum wage next year, and it will take effect on January 1. The garment and footwear industry is the nation’s biggest export sector, employing about 750,000 people in approximately 1,100 factories and branches. However, due to the coronavirus outbreak, some 120 factories still suspended their operations, affecting around 50,000 workers, he said. … [Read more...] about Cambodia raises minimum wage for garment industry amid COVID-19 outbreak

“I can’t do them all but I still take about twice the work I used to, which is why I need to head out at 4 or 5 in the morning,” said You in the city of Suwon, south of Seoul, as he answers telephone calls and tightens ropes around tables and chairs on his truck. … [Read more...] about Liquidation business booms in South Korea as wave of small retailers close due to virus

In the next 10 years, the number of enterprises supported with solutions to improve productivity and quality is expected to increase by 10-15 per cent per year, of which the number of certificates for ISO 9001 quality management system and ISO 14001 environmental management system granted to businesses will increase at least 10 per cent compared to the 2011-20 programme. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

To enter the EU market, the local businesses must have certification of origin and meet food safety requirements, Hoe said. In addition, they need to pay attention to the agreement’s commitments on increasing the environmental requirements related to fishing to avoid difficulties in seafood export, reported the Nguoi lao dong (Labourers) newspaper. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9

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