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Walmart eyes business expansion in Cambodia

The American multinational retail corporation Walmart has sought to work with the Ministry of Commerce (MoC) in studying the potential in Cambodia to expand its business operations in the market and to release more orders of international-standard goods from local suppliers in the Kingdom, according to a release by MOC. Anbinh Phan, a representative of […]

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HSBC sees Philippines growth slowing to 4.4% in 2023

MANILA, Philippines — British banking giant HSBC sees a sharp economic growth slowdown in the Philippines as the tightening cycle of the Bangko Sentral ng Pilipinas (BSP) would curtail consumption, which is a major growth driver. James Cheo, HSBC Global Private Banking and Wealth chief investment officer for Southeast Asia, said in a virtual press […]

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Combating inflation among key measures for Vietnam

HANOI: The Planning and Investment Ministry will focus on keeping the macro economy stable, controlling inflation and ensuring economic growth at a reasonable rate. Speaking at a conference, minister Nguyen Chi Dung said the slogan for action in 2023 would be “Seizing opportunities – Towards the future”, adding that in difficulties, there would always be […]

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Call for Cambodian gas talks

Momentum is growing for the resumption of long-delayed talks between Thailand and Cambodia on joint petroleum exploration in the Gulf of Thailand, after the two countries showed interest in pushing ahead with the project. Kurujit Nakornthap, executive director of the Petroleum Institute of Thailand, is urging the government to work with Cambodia to relieve the impact of […]

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US fashion firms may source more from Cambodia

With more and more US fashion companies looking to go for expanding and diversify their garment sourcing base after the supply chain disruption caused by the Covid-19 pandemic, Cambodia is likely to emerge as one of the beneficiaries. Around 40 percent of the US fashion companies have stated that they planned to “source from more […]

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