Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in the industry. The Federal Open Market Committee (FOMC) of the […]
Read MoreMANILA, Philippines — Filipinos are in search of more earnings as elevated commodity prices continue to bite, with older people also trying to get into the labor market to secure extra income. Latest data from the Philippine Statistics Authority showed that the number of jobless Filipinos slightly increased to 2.99 million in June from 2.93 […]
Read MoreThai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery. According to Sanan Angubolkul, chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, Cambodia is seeing average economic growth of 7-8% per year as a result of […]
Read MoreXinhua – South China’s Guangxi Zhuang Autonomous Region, as the frontier of exchanges and cooperation between China and the Association of Southeast Asian Nations (ASEAN), has offered an exotic taste featuring ASEAN cultures for tourists. Due to geographical proximity and cultural affinity, a strong atmosphere of cross-border cultural exchanges and integration between China and ASEAN has […]
Read MoreBusinesses still must visit ministries in Hanoi to complete paperwork, which they consider a big waste of time and money. They are also concerned about high import taxes. Vietnamese businesses have to import glasshouses, for example, but as the Ministry of Planning and Investment (MPI) has not given guidance, many enterprises in Lam Dong province […]
Read MoreThe board of the Oil Fuel Fund Office (OFFO) resolved on Monday to keep the local diesel price at 34.94 baht per litre, while petrol prices will drop significantly on Tuesday. OFFO director Wisak Wattanasap said the 34.94-baht diesel price would remain for the eighth consecutive week so that the diesel subsidy from the Oil Fuel Fund […]
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Thailand
