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Cambodia: Coronavirus takes its toll on garment industry with 130 factories suspending operations, affecting 100,000 workers

Cambodia’s garment and footwear industries are being severely impacted by the ongoing COVID-19 pandemic with exports affected in the upcoming months. Up to  130 factories have thus far submitted notices requesting for suspension and these will impact up 100,000 workers, government official said yesterday. Labour Ministry spokesman Heng Sour said in a press conference that […]

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Thailand: Moody’s cuts view for local banks

Moody’s Investors Service has revised the outlook for 10 Thai banks to stable from positive, with asset quality and profitability poised to weaken because of the coronavirus crisis. But the international rating agency affirmed the banks’ long-term deposit ratings and their long-term senior unsecured debt ratings and issuer ratings. “Moody’s expects that the operating environment […]

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Cambodia: Fish exports report rise in Q1

Cambodia exported a total of 3,475 tons of fish products during the first quarter of the year, a 25-ton increase, the  Agriculture and Fisheries Ministry’s quarterly report showed. From January to March, fresh fish exports reached 2,465 tons, or equivalent to 16 percent of the targeted total exports figure of  15,000 tons. When compared to […]

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Thailand: Commercial customers see upgrade

Banks have made a push for greater adoption of digital banking channels, offering more services to improve convenience for commercial customers amid social distancing to contain the pandemic. Kasikornbank (KBank) emerged as the country’s first bank to offer e-payment for tax invoices and tax receipts on a digital platform, said senior executive vice-president Silawat Santivisat. […]

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