The International Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of 1.0 percent this year before surging 8.5 percent next year. A Phnom Penh based investment and financial consultant said that for Cambodia to achieve the […]
Read MoreMANILA, Philippines — The Energy Regulatory Commission (ERC) has allowed distribution utilities (DUs) and retail electricity suppliers (RES) to defer electricity billings falling due within the extended enhanced community quarantine. In its latest advisory, the ERC directed all DUs and RES not to impose interest, penalties, fees and other charges. Moreover, the power regulator said […]
Read MoreThe Microfinance Association of Cambodia (CMA) has said that the association, including its members, are dealing with the clients of microfinance institutions affected by the COVID-19 epidemic on the loan restructure. They said CMA remains open for official access to finance from the people through the financial system, and ensuring the finance is inclusive and […]
Read MoreSome 37,000 small and medium enterprises (SMEs) have reported difficulties to the government, crying for help as government aid has yet to reach their bleeding operations, with some forced to close shop amid the pandemic. According to the Cooperatives and SME Ministry, most of the reports came from micro businesses, related to declining sales, funding, […]
Read MoreThe government has announced that they will not hold the 100 percent stake on the national flag carrier Cambodia Angkor Air, which is now facing turbulent times with the minority partner putting its stake for sale, including its five aircraft. The national flag carrier, Cambodia Angkor Airline is a joint venture with Vietnam Airline. Cambodia […]
Read MoreDespite myriad risks, SET-listed Thai President Foods (TFMAMA), the maker of Mama instant noodles, remains committed to spending about 700 million baht to expand the business this year. Pun Paniangvait, manager of the company’s President office, said the budget will be used to expand warehouses and install new instant noodle machines at the company’s factory […]
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Thailand
