The riel has seen a steady increase in demand over the past two decades, growing at an average rate of 16.6 per year, even though the economy remains heavily dollarised, a senior official at National Bank of Cambodia said yesterday. Peace, political and economic stability have boosted confidence in the local currency, said Chea Serey, […]
Read MoreThe Government has asked the State Bank of Việt Nam to reduce regulatory interest rate and complete the allocation of credit limit within this month with the focus on removing the difficulties in accessing credits for enterprises. HÀ NỘI – The Government has asked the State Bank of Việt Nam to reduce regulatory interest rates […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) were down a surprising 14.7 per cent in May, a steeper slide than April’s 9.8 per cent contraction, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Jun 16). Shrinking for the eighth consecutive month, the month’s fall in key exports far surpassed the median 7.7 per cent drop forecast by economists […]
Read MoreMANILA, Philippines — Money sent home by overseas Filipinos to their families rose in April, despite recession concerns plaguing developed economies. Data released by the Bangko Sentral ng Pilipinas on Thursday showed that remittances coursed through banks grew 3.7% year-on-year to $2.48 billion in April. Remittances expanded 3.2% on-year to $10.49 billion in the first […]
Read MoreOnline travel agent Agoda hopes Thailand can become a preferred destination for business travellers, competing with Japan and Vietnam. Following Japan in the top spot, Thailand became the second-largest inbound market via the Agoda platform from January to May, ahead of Vietnam in third. Chief executive Omri Morgenshtern said the likelihood that Thailand would overtake […]
Read MoreThe implementation of free trade agreements (FTAs) and regional mega trade pacts have resulted in a loss of custom taxes for Cambodia, but has also boosted investment flows, created jobs, and increased exports, said Kun Nhem, director-general of Customs and Excise, while speaking at a workshop yesterday. In a workshop yesterday, Nhem said FTAs and […]
Read More
Thailand
