MANILA, Philippines — Vehicle sales dipped 2.4 percent in August from a year ago, the first time since January, due to the weak performance of the commercial vehicle (CV) segment and supply issues. In a joint report yesterday, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) said combined […]
Read MoreTHE risk of bailing out state-owned enterprises (SOEs) could put pressure on national balance sheets in emerging and “frontier” markets in South-east Asia, Moody’s Investors Service has warned in a report. The threat comes mainly from so-called implicit liabilities, where governments are not contractually on the hook for debt but could still be pushed to […]
Read MoreBinh Tien Imex Corp, Pte, Ltd (Biti’s), one of the leading footwear manufacturers in Vietnam, has opened its first store in Cambodia. Biti’s first Cambodia outlet is located in the downtown area of Phnom Penh. The opening marks the launch of the company’s Cambodian subsidiary, known as Biti’s Cambodia, according to Vietnamese media outlets. The […]
Read MoreThe Central Bank of Myanmar (CBM) is planning to take additional measures to further stabilise the foreign exchange market, vice governor U Soe Min said in Parliament on Monday. The new measures may include it intervening in the foreign exchange market, the Myanmar Times understands. The move comes on the back of a recent bout […]
Read MoreWithdrawing Cambodia’s tax-free entry into the European market would negatively nearly four million people, the Garment Manufacturers Association of Cambodia (GMAC) said Monday, as a monitoring period to determine eligibility for the trade scheme drew to a close. The European Commission on Feb. 12 launched a six-month investigation to determine whether the country’s exports should […]
Read MoreIFC, a member of the World Bank Group, has been supporting the Building Control Authority of the Yangon City Development Committee (YCDC) in efforts to reform the construction permit system and improve the ease of doing business in the city. The Yangon Building Permit System, an automated, paper-free system, went online on July 1 and […]
Read More
Thailand
