During the first round of wage negotiations with the various South African clothing, textile, leather and related sectors, employers, on average, have tabled first wage increase offers ranging between 2.5% to 6%, according to the Southern African Clothing and Textile Workers’ Union (SACTWU).

The luxury market in India is likely to grow three-fold by 2015, according to a recent report.

Thailand's apparel exports continued to grow in 2011, but at a slower pace than last year according to the latest figures from the Thai Garment Manufacturers Association (TGMA).

The investment applications submitted for privileges from the Board of Investment (BoI) during January to November this year has surpassed the BoI's target of Bt500 billion.

Bank of Thailand Governor Prasarn Trairatvorakul today urged Thai banks to learn more about Asean market ahead of full liberalisation of the regional financial market in 2020.

The governor of the Bank of Thailand estimates that export growth will slow to 8 per cent next year mainly on global uncertainties.

The Cabinet will revise the central budget of Bt120 billion set for post-flood restoration to avoid redundant spending by state agencies.

Flood-ravaged Hi-Tech Industrial Park resumed operations yesterday, 15 days ahead of target, while 30 factories there have already laid off over 8,700 staff.

The Anti-Corruption Network (ACN), an alliance of private watchdog groups, yesterday launched the "Clean Thailand DIY" campaign to monitor the government's spending of Bt800 billion earmarked for post-flood recovery efforts.

The Bank of Thailand has signalled further cuts in the policy rate to boost the local economy affected by uncertainty over the global economy and the flood crisis.