As a sign of Cambodia’s rapidly growing economy, the Kingdom is to get a consumer-protection group with the power to jail offenders, close businesses or correct misleading information. The government issued a sub-decree on the organisation and functions for the national committee, giving it powers to investigate both brick and mortar establishments and e-commerce. The […]
Read MoreThe government has ordered state-owned electricity company PLN to lower the electricity rates for all homes and certain businesses to boost the pandemic-hit economy amid low fuel prices. Under the order, PLN will cut its electricity rate, which is expressed in rupiah per kilowatt hour (Rp/KwH), by 1.5 percent. The price is down to Rp […]
Read MoreTHE Monetary Authority of Singapore (MAS) announced on Thursday that it will be taking steps to boost Singapore dollar (SGD) and US dollar (USD) funding for banks, in efforts to promote more stable funding conditions and to strengthen the sector’s resilience. Among the measures is a new MAS SGD Term Facility which will be introduced […]
Read MoreOperators oppose the idea of monopolising the foreign tourism market through the Thailand Longstay Company’s management, saying the private sector is better able to handle this market. Thailand is considering reopening the border for retired tourists in the fourth quarter this year in a designated area in the southern part of the country, said Udom […]
Read MoreFood company PT Malindo Food Delight launched on Tuesday its first export to Japan amid declining global trade due to the COVID-19 outbreak. Malindo Food Delight shipped 6 tons of chicken products including nuggets and sausages worth Rp 156 million (US$10,597) to the East Asian country. The company produces 9,000 tons of such products each […]
Read MoreMANILA, Philippines — Factory gate prices declined at a slower pace in July as five industry groups registered growth in selling prices, the Philippine Statistics Authority (PSA) said. The Producers Price Index covering the manufacturing sector registered a 3.3 percent contraction in July – slower compared to the 3.9 percent drop in June. This, however, […]
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