A $54 million Cambodia Sustainable Landscape and Eco-tourism Project (CSLEP) will be the World Bank’s largest tourism investment in Cambodia. It will take five years to carry out and will involve seven provinces including the Cardamom Mountains, Southeast Asia’s largest intact rainforest, the Tonle Sap Lake’s flooded forests and Phnom Kulen in Siem Reap. This […]
Read MoreOnly a few spare parts are produced domestically, forcing domestic manufacturing and assembling enterprises to import automobile spare parts from other sources, experts said. Experts said after nearly 30 years, Vietnam’s supporting industry can produce 287 spare parts while about 30,000 parts are needed to make a car. Vietnamese part-supply companies can produce simple items including windshield […]
Read MoreExports increased in August but at a slower pace than in July as coronavirus restrictions hit manufacturing and logistics, the commerce minister said on Wednesday. Exports should remain positive for the rest of the year, Jurin Laksanawisit told a seminar. The ministry is due to release August trade data on Thursday. A Reuters poll forecast […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has imposed stricter governance standards for operators of payment system (OPS), which play a vital role in sustaining the safe and efficient flow of payments in the country, including those arising from critical financial market transactions. BSP Governor Benjamin Diokno said the Monetary Board issued Resolution […]
Read MoreKUALA LUMPUR, Sept 22 — The country’s current monthly minimum wage of RM1,200 can be revised upwards as the government has the capacity to accommodate the increment, said former Minister in the Prime Minister’s Department, Tan Sri Abdul Wahid Omar. Abdul Wahid, who is currently the chairman of Bursa Malaysia Bhd, said this can be […]
Read MoreThe Asian Development Bank has more than halved its forecast for Cambodia’s economic growth this year. It cut the gross domestic product forecast to 1.9 percent from April’s prediction of 4 percent growth. The ADB left next year’s forecast unchanged at 5.5 percent GDP expansion. The economy contracted by 3.1 percent in 2020. The bank […]
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Thailand
