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Cambodia: Local vendors shun small US currency

Reports of local vendors refusing to accept small US currency banknotes has continued over the weekend, despite repeated calls from both the Kingdom’s central bank and Prime Minister Hun Sen that all US currency banknotes will still be considered “legal tender”. The confusion started Friday last week after the National Bank of Cambodia’s (NBC) director, […]

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Vietnam’s consumer prices declines 0.03% m/m in May

The Hanoitimes – The consumer prices, however, increased 4.39% year-on-year in the January- May period, the highest five-month growth rate over the last three years. Vietnam’s consumer price index (CPI), the main gauge of inflation, in May saw a slight decline of 0.03% against the previous month, according to the General Statistics Office (GSO).  The rate […]

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Thailand: Finance Ministry seeks ways to boost bio-economy

The government may use the tools of the Finance Ministry to increase promotional privileges for investment in bio-economic corridors to entice investors. Anek Memongkol, deputy secretary-general of the National Economic and Social Development Council (NESDC), said that in order to make investment more attractive, incentives from the Finance Ministry may be added to privileges for […]

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Cambodia: Local property market best described as ‘flat’

Cambodia’s local property sector has been described as “flat” while condominiums and boreys are tagged to be the hardest hit during the COVID-19 pandemic because the listings will eventually need to be put up for sale under current market prices in the coming months, according to an industry insider. Grant Fitzgerald, country manager of Independent […]

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