Hoteliers are calling for an additional 2 million room nights under the We Travel Together hotel subsidy campaign by May to shore up tourism demand during the off-peak season as the quota for the scheme’s fourth phase was used up during the Songkran holiday. “Tourism stimulus measures will play a crucial role in supporting the […]
Read MoreThe Kingdom’s export surged 25.7 percent to $5,716 million in the first three months of the year, compared to the same period last year, according to the General Department of Customs and Excise. The report stated that the US is the biggest market for Cambodia’s export, accounting for 37.6 percent of total exports, or $2,150 […]
Read MoreEight local and foreign industry associations have proposed the Government postpone the minimum regional wage hike until January 1, 2023, instead of July 1 this year as proposed by the National Wage Council. The eight associations comprise the Japan Business Association in Vietnam, the Vietnam Association of Seafood Exporters and Producers, the Vietnam Textile and […]
Read MoreMANILA, Philippines — The Philippine government managed to keep its investment grade credit rating from Japan-based debt watcher Rating and Investment Information Inc. (R&I), which cited the country’s “solid” economic recovery despite COVID-19 flare-ups. R&I, whose ratings matter to Japanese companies, the country’s top investors, maintained the Philippines’ triple B plus rating, which is two notches above the minimum investment […]
Read MoreThe baht opened at 33.71 to the US dollar on Tuesday, weakening from Monday’s close of 33.66 and sliding towards the key 34 per dollar level. Breaching that closely watched resistance level would invite further losses for the Thai currency. Krungthai Bank market strategist Poon Panichpibool predicted the baht would move between 33.65 and 33.80 […]
Read MoreASEAN+3 Macroeconomic Research Office (AMRO)’s annual Regional Economic Outlook predicts 6.1 percent GDP growth for Cambodia in 2023 The reopening of the economy and tourism recovery is expected to help Cambodia register stronger growth in 2023, according to the ASEAN+3 Macroeconomic Research Office (AMRO)’s annual Regional Economic Outlook. Cambodia, which posted a GDP growth of […]
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