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Cambodia: Sihanoukville records over $7 billion in construction

Cambodia’s coastal Preah Sihanouk province has attracted construction project investment valued at more than $7 billion over the last four years – most from Chinese nationals – the provincial administration said yesterday. From 2017 to May 2020, approximately 1,355 construction projects were approved, occupying 13,107,209 square meters and valued at $7,099,417,227. Preah Sihanouk Provincial Governor, […]

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Thailand: New food delivery apps seeking a bite

Competition in food delivery apps is expected to intensify as a series of newcomers jump into the 35-billion-baht market, with some aiming to leverage customer insights for their other businesses. GrabFood, Get, Line Man and Foodpanda are the major food ordering apps in the Thai market. More competitors have entered the segment, including Siam Commercial […]

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Thailand: World Bank grim on GDP

The World Bank has slashed Thailand’s GDP outlook for 2020 to a 5% contraction, a drastic cut from 2.7% growth projected previously, as supply chain disruptions and lockdown measures from the coronavirus crisis have triggered an economic downturn. “Factory closures and the disruption of the production of intermediate inputs have had a negative impact on […]

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