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Cambodia: World Bank’s 4.1 percent growth projection holds but recovery deemed vulnerable

The World Bank yesterday maintained its 4.1 percent growth projection for the Kingdom in its first economic update for Cambodia of the year. The global financial institution, which aids development by providing loans and grants to countries, said that the Kingdom’s agriculture segment “remained resilient” while the tourism sector had been “hit hard” and the […]

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Philippines to deepen trade ties with Switzerland

The Philippines reaffirmed its commitment to expand trade and investment ties with Switzerland and deepen cooperation in clean techology and renewable energy, infrastructure, life sciences and digital healthcare sectors. The Department of Trade and Industry made the commitment ahead of the fourth Joint Economic Commission (JEC) to be held this week. “We enjoin Swiss businesses […]

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Thailand: Retail, hotels applaud return to normalcy

Operators of malls and hotels hail the government’s plan to fully reopen to foreign visitors in 120 days, but some remain concerned the scheme may result in a spike of coronavirus infections that could eventually derail the country’s economic recovery. Voralak Tulaphorn, The Mall Group’s chief marketing officer, said the company supports the strong gesture […]

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