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NEW UPDATES Asean Affairs   26 February  2015  

Myanmar, Bangladesh, Cambodia offer low labour costs: report

A new global ranking says businesses with supply chains and operations in Myanmar, Bangladesh and Cambodia are benefiting from the world’s lowest labour costs, reports Supply Management on February 24.

According to the business magazine, risk analytics company Verisk Maplecroft’s Labour Costs Index measures a combination of wages, employment regulations, social security contributions and labour productivity to enable companies to identify and compare the cost competitiveness of workforces in 172 countries.

Not surprisingly, Western Europe accounts for most of the 25 highest cost countries in the index, with France and Italy the most costly countries in which to hire staff.

Just because a country is cheap does not necessarily mean it is the best place to set up shop.

The ranking company warns that the cost competitiveness of markets where labour costs are the lowest could be offset by the risks of poor working conditions and high levels of child labour and trafficking, and that these countries are rated as “extreme risk”.

According to an analyst, the true cost of business in the emerging economies is more than labour costs. “It is essential for companies to understand and price in risks, such as strikes, disruptions and poor worker health, when making market entry or strategic sourcing decisions,” he said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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