The Council for the Development of Cambodia (CDC) approved 52 fixed asset investment projects worth over $460 million in the third quarter of 2022, up 10.6 percent as compared to the same period last year. The approved investment projects generated 40,274 jobs for local people, according to a recent report from the Ministry of Economy […]
Read MoreMajor ASEAN economies, which seem to be growing out of the Covid-19 pandemic impact, are likely to face tough growth prospects the next year due to hardening interest rates across the globe, particularly the rate hikes by the US Federal Reserve, and cooling Chinese economy mostly due to tough anti-Corona stance. The overall gross domestic […]
Read MoreMANILA, Philippines — An engineers’ group on Tuesday called on companies to give higher compensation to engineers and scientists, especially for entry-level workers, to help them keep up with the rising cost of living in the country and to retain top talent. Pro-People Engineers and Leaders (PROPEL), an organization composed of engineers and those promoting the […]
Read MoreThe efforts taken by the National Bank of Cambodia (NBC) to standardize the banking QR codes across the country through the implementation of the KHQR code have been welcomed by the financial sector with many banks already joining the system officially launched earlier in July this year. All financial institutions that are members of the […]
Read MoreThe Ministry of Transport has submitted a plan to increase international freight transport by rail by 2030, with a target of shipping between 4 and 5 million tonnes. The volume of goods imported and exported by rail stood at 1.1 million tonnes in 2021. The plan submitted to the Prime Minister was completed based on […]
Read MoreThai exports in October shrank for the first time in 20 months, as the tight monetary policy to curb inflation among major trading partners affected purchasing power and economic activity. The global manufacturing sector continued to slow down as reflected in the global Purchasing Manager’s index (PMI) which was below 50. This was especially true in […]
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Thailand
