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ACMECS meeting aims for strengthened ties

The Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) aims to strengthen ties between countries in the Mekong Delta by reducing economic barriers to cooperation. The scheme, to be presented in a forum in Bangkok this weekend, will promote the adoption of multiple-entry visas and establishing a common infrastructure fund, said Sanan Angubolkul, chairman of the ACMECS Business […]

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Philippines: Peso pierces 53:$1, lowest in 12 years

MANILA, Philippines — The peso pierced the 53 to $1 resistance level yesterday, closing at a new 12-year low as traders braced for widely expected policy rate increase of the US Federal Reserve. The local currency closed 28 centavos lower at 53.23 from Monday’s close of 52.95. This was the weakest level for the peso […]

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Vietnam’s new policy attaches to quality of FDI

The Hanoitimes – After gaining tremendous achievements in attracting foreign direct investment (FDI) inflows in the past years, Vietnam now plans to focus only on high-quality FDI projects in a move to optimize the capital source a spillover effect on the domestic sector. FDI inflows in Vietnam has increased by nearly 1,000 percent over the last […]

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Cambodia: Wing inks agreement on Malaysia remittances

Wing Specialized Bank, the local mobile banking provider, recently launched international remittance services from Malaysia, after inking a partnership deal with that country’s financial technology firm, Valyou. The deal aims to target Cambodian nationals living and working in the Asean nation. According to Wing’s announcement, more than 150,000 Cambodians are employed in Malaysia in various […]

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