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Cambodia: 161 new factories registered in Jan-Nov

Cambodia registered 161 new factories in the January-November period of this year, bringing the total number of factories to 1,968, according to the Ministry of Industry, Science, Technology, and Innovation. The total factories had a total investment of $16 billion as of November, said the ministry’s Secretary of State and spokesman Heng Sokkhung. A total […]

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Thailand: BoT hikes policy rate as recovery gathers steam

The Bank of Thailand believes the country’s economy will take off in the final quarter of this year and return to pre-pandemic growth levels. As a consequence, the central bank increased its policy rate by a quarter-point despite mounting pressure from a projected global economic slowdown. The Monetary Policy Committee (MPC) on Wednesday voted unanimously to […]

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More foreign insurers eye presence in Philippines

MANILA, Philippines — More foreign companies are likely to enter the insurance business in the Philippines as the final tranche of the increase in capital requirement – a move that would impact small local firms – nears implementation. The Philippine Insurers and Reinsurers Association (PIRA), the umbrella organization representing the collective interests of the non-life […]

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