MANILA, Philippines — The country’s outstanding debt nearly hit the P12-trillion mark in end-October, forcing the government to slow its borrowings to keep its financial obligations within sustainable levels. The Bureau of the Treasury reported yesterday that the debt pile grew more than 19 percent to P11.97 trillion in the past 12 months as the […]
Read MoreThree Phnom Penh-based companies and Sihanoukville’s Ly Ly Kampong Seila Special Economic Zone Co Ltd have signed a memorandum of understanding (MoU) to design new investment projects in Sihanoukville Fintech Hub City. Continent Asset Management Co Ltd, PLMP Venture Capital Co Ltd and PropNex Cambodia Co Ltd inked the MoU with Ly Ly on November […]
Read MoreThe central bank on Wednesday warned companies about accepting digital assets as payment for goods and services, as more companies rolled out partnerships to accept major cryptocurrencies as payment. “High volatility of digital asset prices, risk of cyber theft and personal data leakages and tools for money laundering could impact customers and businesses,” the Bank […]
Read MoreVietnam’s honey production industry is facing a new challenge as honey exported to the US may be subject to a tax rate of up to 412.49%. The US Department of Commerce (DOC) has announced the preliminary anti-dumping tax rate for Vietnamese honey. The general tax rate imposed on all honey exporters from Vietnam is 412.49%, […]
Read MoreKUALA LUMPUR: Malaysia’s Internet economy is estimated to be worth US$21bil (RM88bil) in 2021, boosted by e-commerce, online media, transport and food growth. According to Google, Temasek and Bain & Co’s latest edition of the e-Conomy South-East Asia Report, which also observed growth across all sectors of the country’s Internet economy, Malaysia’s digital market is […]
Read MorePhnom Penh’s cost of living tumbled relative to other global cities in the Economist Intelligence Unit’s annual survey. The Cambodian capital fell 21 places to 92 in the 173-strong list. It scored 66 points with New York as the base city with 100 points. Parts of Asia still proved pricey with Singapore’s cost of living […]
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