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Nikon Cuts Workforce in Laos and Thailand

Nikon has published a revised financial forecast, releasing its 2020 fiscal year financial results, and announcing it has had to cut ten percent of its workforce in Laos and Thailand. According to the financial report, the company is seeing a 16.6% drop year on year, with operating profit seeing a drop of almost 92% compared to […]

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Cambodia: Transportation logistics centre plans submitted

A study on the construction of a Phnom Penh transportation centre is undergoing a pre-feasibility study conducted by the Asian Development Bank (ADB) has been submitted to the government. Chhieng Pich, director of the Ministry of Public Works and Transport’s General Directorate of Logistics, told Khmer Times that the relevant ministries are working on the […]

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Philippines: Factory activity declines slightly in May

MANILA, Philippines — Manufacturing activity in the country declined at a softer pace in May as subdued recovery was seen in output and new orders amid the easing of restrictions in areas outside of Metro Manila, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline PMI for manufacturing rose to […]

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