A recovery in domestic demand in emerging Asia will help many of the region’s economies achieve stronger growth this year than in 2021, according to Fitch Solutions. However, it warned that tourism-dependent economies will face an uneven recovery. “While many Asian emerging markets will see slowing export growth in 2022, we’re going to see a […]
Read MoreCambodia’s burgeoning economy and well-tested legislation surrounded by foreign ownership rights have encouraged leading Japanese retailer Aeon to start international logistics services in Cambodia by 2023. The Aeon Mall is mulling to build 30,000 sq meter logistics center in Sihanoukville in 2023. The gigantic center will offer import storage, customs clearance and support for cross-border […]
Read MoreThe return of quarantine and lockdowns in many countries, combined with the massive disruption in international air travel at the end of last year cloud the outlook for the beleaguered tourism industry, according to Fitch Ratings. In their update on the sector in the fourth quarter of 2021 Head of Sovereign Ratings for Asia-Pacific Stephen […]
Read MoreClose China-ASEAN cooperation has significantly contributed to upholding the rights and interests of developing countries, increasing mutual understanding and trust, and promoting peace and stability in the region, says Kin Phea, director-general of International Relations Institute of Cambodia. Xinhua – Close relations between China and the 10-member Association of Southeast Asian Nations (ASEAN) have significantly contributed […]
Read MoreShopee, the e-commerce division of Singapore-based Sea Limited, has partnered with local taxi company Bluebird Group to launch a taxi-hailing service in Indonesia.This new feature, called Taksi, is now available in certain areas of Indonesia, allowing users to book rides in the Shopee app and use Shopee Pay to make the payment. In August of […]
Read MoreMANILA (BLOOMBERG) – The Asian Development Bank (ADB) cut economic growth forecasts for developing Asia, as the emergence of the Omicron variant and rising coronavirus infections globally show the pandemic is far from over. The region’s gross domestic product will expand 7 per cent this year, down a notch from the 7.1 per cent forecast in September, […]
Read More
Thailand
