The Council for the Development of Cambodia (CDC) has approved a $2.3 million cardboard factory project to be built in Khan Kambol of Phnom Penh. The CDC shared the update in a press release yesterday, adding that the project will create 214 jobs for the locals. The cardboard factory project is invested by City Printing […]
Read MoreMANILA, Philippines — Economists of private banks have raised their inflation forecasts for 2021 as the economy gradually reopens, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). Zeno Ronald Abenoja, senior director of the BSP’s Department of Economic Research (DER), said that private sector economists expect a higher inflation of 2.9 […]
Read MoreThailand should accelerate promotional campaigns targeting inbound visitors globally by the second quarter to offset the opportunity loss of 138 billion baht in the first three months, says the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the agency set a target of 1.2 trillion baht in tourism revenue this year, with the […]
Read MoreMORE locals must work in manufacturing as the share of low-wage foreign workers comes down, Minister for Trade and Industry Chan Chun Sing said on Monday, while laying out a plan to hold steady the sector’s growth momentum into 2030. He has set what he called a “very stretch target” of 50 per cent growth […]
Read MoreThe first industrial explosives factory in Laos was officially opened on Monday and is expected to begin producing explosives soon. According to a report by Lao Phattana News, the site is the first industrial explosives factory to be built in Laos, aimed at producing safe civil explosives. Deputy Director of the General Technical Department, Ministry of National […]
Read MoreMANILA, Philippines — Banks continued to impose tighter overall credit standards for real estate loans amid less favorable economic conditions and deterioration in borrowers’ profile due to the impact of the pandemic. Dennis Lapid, deputy director of the Department of Economic Research at the Bangko Sentral ng Pilipinas (BSP), said the results of the fourth […]
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