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Rail link to Thailand a step closer

As an agreement on railway transportation materialises, Cambodia and Thailand are set to hold a ceremony early next year to celebrate the official opening of the line that will connect Phnom Penh and Bangkok, a representative of the Ministry of Public Works and Transportation (MPWT) said yesterday. The ceremony will be attended by Prime Minister […]

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Thailand, Singapore discuss e-payment alliance

Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash. The link would bring together Southeast Asia’s first national digital-payment platforms, Singapore’s PayNow and Thailand’s PromptPay, said Naphongthawat Phothikit, director of payment systems policy at […]

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World Bank trims Philippine growth outlook

MANILA, Philippines — The World Bank has trimmed anew its growth forecast for the Philippines to 6.6 percent this year and 6.7 percent in 2018 and 2019, citing a slower-than-expected implementation of public investment projects which stalls the growth in spending. The international financial institution in April pegged its economic growth outlook for the Philippines […]

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Vietnam: Further fee cuts needed to support firms

HANOI – The Vietnam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance’s proposed fee cuts was a positive move, but stronger cuts or even abolishments were needed to support businesses. The VCCI said that many kinds of fees were unnecessary, such as the fee for certifying business information, which was VND20,000 […]

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