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Cambodia: Ministry calls for private sector aid in logistics

With the aim of enhancing road, waterway, and railroad connectivity, the Public Works Ministry has called on the private sector to participate in the acceleration of the establishment of a logistics complex in Phnom Penh. For in depth analysis of Cambodian Business, visit Capital Cambodia Pich Chhieng, director of the general directorate of logistics at the […]

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Asian firms lead world in pursuing tech, sustainability

Businesses across Asia increasingly believe the strongest opportunities for future growth lie in technology, sustainability and developing talent to harness digital advancement, according to a new global survey by HSBC . While more than a third of Asian businesses are prioritising expansion into new markets, even more are turning their attention to improving productivity and […]

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Philippines: Bank creditors convert Hanjin exposure to equity

MANILA, Philippines — Philippine banks have converted part of their loan exposure to Hanjin Heavy Industries & Construction Philippines Inc. (HHIC-Phil) into shares in the shipbuilder’s parent company in South Korea, according to Rizal Commercial and Banking Corp. (RCBC). In a press briefing, RCBC senior executive vice president John Thomas Deveras said concerned Philippine creditors […]

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Philippines: DOF: Relax audit rules in sale of gov’t assets

MANILA, Philippines — The Department of Finance (DOF) has directed the Privatization Management Office (PMO) and Philippine Deposit Insurance Corp. (PDIC) to discuss with the Commission on Audit (COA) ways to relax auditing rules that have slowed down the disposal of idle public assets. According to the DOF, Finance Secretary Carlos Dominguez wants these agencies […]

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