High logistics costs in Laos are still a major obstruction for business operations throughout the domestic private sector and can also deter investors, a recent study suggests. Logistics costs in the country are as high as double compared to other neighbouring or Asean countries according to the Japan External Trade Organisation’s (JETRO) survey team. A […]
Read MoreCambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. According to the National Bank of Cambodia’s (NBC) annual supervisory report, deposits in the country’s banks rose by 21.8 percent […]
Read MoreA little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty Cambodian border town of Bavet through its fully-owned Malaysian subsidiary, a government official confirmed yesterday. The first phase of the project, dubbed Empire World City, will be constructed on approximately […]
Read MoreMANILA, Philippines – The Philippine economy likely grew seven percent in the first quarter of the year, the middle point of the target range for 2017, Socioeconomic Planning Secretary Ernesto Pernia said. “There are signs that for the first quarter, we’re going to hit close to the mid-range of this growth target, around seven percent,” […]
Read MoreBRUNEI Shell Petroleum Company Sdn Bhd (BSP) has been working to increase efficiency, eliminate waste and be more productive, and one notable achievement in this regard has been in its wireline operations. The company said in a press release yesterday that despite low oil price posing a challenge to the industry, the situation is also […]
Read MoreDespite the Bank of Thailand’s moves to scale back short-term bond sales and curb the baht’s rapid gains, offshore fund inflows are continuing but money is shifting to long-term bonds, says the central bank chief. Bank of Thailand governor Veerathai Santiprabhob reiterated that the reduction in short-term bond issuance is an initial measure and that […]
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