Cambodia is an integral constituent of Xi Jinping’s Belt and Road Initiative (BRI), with the number of Chinese investors showing interest in the kingdom’s market growing rapidly, a Chinese economist said yesterday during a conference on promoting cooperation between China and Cambodia. Guoyou Song, professor at Fudan University and director of the Centre of Economic […]
Read MoreDavao-based businessman Dennis Uy is venturing into the convenience store business, on Monday inking a deal to purchase the local operations of Japan’s FamilyMart via listed firm Phoenix Petroleum Philippines, Inc. In a disclosure, Phoenix said it had inked a memorandum of understanding with SIAL CVS Retailers, Inc. and Japanese firms FamilyMart Co., Ltd. and […]
Read MoreConcern is rising among employers over demands that the minimum wage be raised to K4,800- K6,600 ($4-$5.20) per day from K3,600 per day currently. That’s a potential increase in wages of more than 80 percent, a move which, if implemented, could put many companies out of business. The Confederation of Trade Unions in Myanmar […]
Read MoreThe Fiscal Policy Office (FPO) has jumped on the bandwagon by raising its 2017 GDP growth forecast to 3.8% on the back of strong export growth. The Finance Ministry’s think tank updated its growth forecast to a band of 3.6-4% with an average of 3.8%, up from 3.6% previously, said FPO director-general Suwit Rojanavanich. The […]
Read MoreHANOI — Some US$28.24 billion in foreign direct investment (FDI) was poured into Vietnam between January and October, representing a year-on-year increase of 37.4 per cent. This was stated by the Foreign Investment Agency under the Ministry of Planning and Investment. Of the figure, $16.3 billion was put into 2,070 new projects (up 32.9 per cent), $7.27 […]
Read MoreMANILA, Philippines — The Philippines is gradually decreasing its dependency on imported rice after the country’s import dependency ratio went down to five percent last year from 11 percent in 2015. Based on a report from the Philippine Statistics Authority (PSA), the rice import dependency ratio decreased to 4.99 percent in 2016 from 11.07 percent […]
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Thailand
