The Cambodian Investment Board under the Council for the Development of Cambodia (CDC) recently approved investment proposals for 11 more companies, creating 11,000 jobs. The companies will have a total investment of $57.3 million. Nine of these are in the garment, footwear and travel goods (GFT) sector. CDC last year approved investment projects worth over […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to raise its inflation forecast after the growth in consumer prices blew past expectations to hit a fresh 14-year high of 8.7 percent in January from 8.1 percent in December. During the public hearing of the Senate Committee on Banks, Financial Institutions, and Currencies […]
Read MoreVietnam’s farm, forestry and seafood exports, the most important export items of the country, totaled $3.73 billion in January, a decrease of $1.07 billion from the same period last year, according to the General Department of Customs (GDC). The agency also reported that Vietnam’s trade surplus reached $647 million in the month. All key export […]
Read MorePrime Minister of Laos Mr. Sonexay Siphandone was in talks with his Cambodian counterpart, Mr. Hun Sen during his recent official visit about the possibility of building a high-speed railway connecting both countries and also other nations in the region. According to Cambodianess, not only did the two prime ministers sign agreements and action plans to […]
Read MoreBENGALURU: Thailand’s economic growth probably slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found. Growth in Southeast Asia’s second-largest economy was estimated at 3.5% year-on-year in the October-December period, down from 4.5% in the prior quarter, according to the median forecast […]
Read MoreCambodia has applied for membership in the Cross-Border Interbank Payment System (CIPS) initiated by China, which is believed that the system will facilitate and promote Cambodia-China’s trade, investment, and tourism. Becoming a CIPS member will add an option and facilitate payment as Cambodia is one of the tourism sites for Chinese tourists, said Chea Serey, […]
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