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Cambodian: Illicit trade costs millions

Illicit financial flows in and out of Cambodia starved the Kingdom of at least $360 million in lost taxes annually between 2005 and 2014, according to a new report. The US-based nonprofit Global Financial Integrity (GFI) measured illicit financial flows – the illegal movement of money or capital from one country to another – and […]

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Philippines: Manufacturing sustains growth momentum in April

MANILA, Philippines –  Domestic manufacturing sustained its growth momentum in April although at a slower pace compared to March, according to the latest reading of the Nikkei Philippines Manufacturing purchasing managers’ index (PMI) Domestic factory output registered a PMI reading of 53.3 in April, slightly down from 53.8 in March but nonetheless signaling “another solid […]

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Thailand: Top industry grouping raises 2017 export forecast

A grouping of Thailand’s top industry bodies on Tuesday raised its 2017 export forecast to 2-3.5% from 1-3% on stronger-than-expected first-quarter and improved global demand. Exports, a key factor for the country’s economic growth, rose 4.9% in the January-March period from a year earlier after it climbed slightly in 2016, the first annual increase in […]

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