Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank (ADB) said in its annual report yesterday. The ADB flagship report, titled Asian Development Outlook 2017: Transcending the […]
Read MoreViet Nam’s GDP in the second quarter of this year is forecast to expand 5.6 per cent or 6.27 per cent, depending on two scenarios, expert said. Dang Duc Anh, director of the National Centre for Socio-Economic Information and Forecast (NCEIF)’s analysis and forecast department, said this at a discussion on the country’s macro-economic growth […]
Read MoreViet Nam continued to be among the top five investors in Cambodia as of December 2016, with US$2.85 billion registered capital invested in 183 projects. Viet Nam is also Cambodia’s third largest partner, with bilateral trade reaching $3 billion until the end of last year. The two countries are striving to raise the figure to […]
Read MoreMALAYSIA-listed Ariantec Sdn Bhd’s (Ariantec) international affiliate payment solution provider PayAllz International has reached an agreement with locally owned Hello Digital to provide electronic payment products and services into Cambodia. According to the company’s filing to Bursa Malaysia Stock Exchange on Tuesday, Ariantec, a wholly owned subsidiary of Netx Holdings Berhad, will be offering fintech […]
Read MoreThe government is creating new decrees to ensure the sustainable development of Special Economic Zones (SEZs) in ways that yield strong benefits. Special Economic Zones are economic development areas set up to attract large-scale investors, both Lao and foreign, to spur economic growth and create job opportunities for local people. Government officials from central and […]
Read MoreThe Thai economy will continue its steady upward climb, growing by 3.4% this year and 3.6% next year as exports improve, the Bank of Thailand said on Friday. Gross domestic product (GDP) expanded by 3.2% last year and by 2.9% in 2015. Jaturong Jantarangs, a central bank assistant governor, said a steady recovery was being […]
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