A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018. A Chinese group lobbed a winning record bid for a residential plot, while Guocoland Ltd. paid a record per-square foot price for an office development site in the central business […]
Read MoreNational Development Planning Minister Bambang Brodjonegoro has expressed his pessimism that the government will achieve its target of 5.2 percent economic growth. The estimation was made based on the 5.03 percent growth in the third quarter. “The government is struggling to achieve 5.2 percent economic growth,” said Bambang as quoted by tempo.co. However, he added, to […]
Read MoreThe Bank of Thailand has given the green light for the first five banks’ quick response (QR) code payment services to exit its sandbox, enabling them to commercially roll out the much-touted system that scans a bar code on smartphones. The five banks — Kasikornbank, Siam Commercial Bank, Krungthai Bank, Bangkok Bank and Government Savings […]
Read MoreIndia has been actively investing in Southeast Asian markets since adopting its “Act East” strategy at the start of last year. The Post’s Robin Spiess sat down with Sandeep Majumdar, president of the Indian Chamber of Commerce (InCham) in Cambodia, to discuss efforts to increase Indian investment in the Kingdom. What has InCham been doing in […]
Read MoreCambodia and China signed a Memorandum of Understanding (MoU) on Friday to support the development of the Kingdom’s e-commerce business operations. The deal was inked in the capital between Kem Sithan, secretary of state of the Ministry of Commerce of Cambodia and Wang Bingnan, Chinese vice minister of commerce. Under the MoU, Wang said that […]
Read MoreThe Cambodian government signed two memorandums of understanding (MoUs) with three giant Chinese state-owned institutions yesterday, creating partnerships intended to boost the production of Cambodian paddy rice and milled rice for export, according to a release from the Ministry of Economy and Finance. The first of the two MoUs outlines a government-to-government arrangement to further […]
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