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Cambodia: Garments competitiveness ‘at risk’

Rising labour, transportation, logistics and electricity costs could potentially undermine the competitive advantage of Cambodia’s textile-linked industries, according to research conducted by a prominent local economist. In “Cambodia’s current minimum wage and competitiveness”, Royal Academy of Cambodia economics researcher Ky Sereyvath explores the future sustainability of the competitive opportunities in the domestic garment sector as […]

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Filipino adults with bank accounts jump to 56%

MANILA, Philippines — The share of Filipino adults with bank accounts soared to 56 percent in the first quarter   from 29 percent in 2019, according to the 2021 Financial Inclusion Survey of the Bangko Sentral ng Pilipinas (BSP). The number of Filipino adults with bank accounts doubled to 42.9 million from 20.9 million, translating to […]

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Cambodia keen to resume gas field talks

Cambodia is ready to meet with Thailand on the issue of the 26,000sq km Overlapping Claims Area (OCA) – estimated to hold up to 500 million barrels of oil and gas deposits under the seafloor – in a bid to jointly develop the area and capitalise on its resources to the benefit of both countries […]

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