Tourism operators are closely monitoring Covid flare-ups in many countries as the situation may interrupt travel sentiment during the upcoming high season. Asian countries are facing a surge in several Covid-19 sub-variants, including the new XBC variant in the Philippines and the XBB variant in Singapore, though the latter has recently slowed its spread. Most infections […]
Read MoreThe United States represents the country’s largest export market, with a total of 11 items reaching over US$1 billion, according to figures given by the General Department of Vietnam Customs. In fact, the US has been the largest and most important export market for Vietnamese goods for several years, while Vietnam has become one of […]
Read MoreCambodia’s level of development of government technology measured by the GovTech Maturity Index (GTMI) has been upgraded by the World Bank (WB) to Grade B from C for 2022. Cambodia has received 0.584 point for GTMI, which is better than the regional and global average points — 0.505 and 0.552 respectively, according to the latest […]
Read MoreMANILA, Philippines — The series of rate hikes have started feeding through to the net interest margins (NIMs) of big banks in the Philippines, according to independent credit research provider CreditSights Inc. In a report, CreditSights said the rate increases delivered by the Bangko Sentral ng Pilipinas (BSP) boosted the net interest income of banks […]
Read MoreExperts call for the central bank to expand the credit growth target to 15-16% this year. Increased demand for credit in the economy, at a time when banks have their credit quota stretched to the limit, is putting pressure on companies struggling to raise new sources of capital. In recent months, the fact that the […]
Read MoreCambodia is eyeing a slice of the Indian tourists market that flocks to Thailand. Towards this end, the Indian and Cambodian governments have signed a memorandum of understanding to start direct flights between the two countries. At present, there are no direct air journeys from the sub-continent to Phnom Penh or Siem Reap and wannabe […]
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