The Council for the Development of Cambodia (CDC) has preliminarily issued final registration certificates for 35 projects with a combined investment capital of $444 million from January to the end of last month. Once operational, the projects are expected to provide more than 30,335 jobs. Nine of the projects are related to the garment, textile […]
Read MoreSINGAPORE – Manufacturing saw its 19th straight month of improved conditions in March, with the Purchasing Managers’ Index (PMI) edging up to 53.0 from an earlier 52.7. This was a notch faster than economists’ expectations of 52.8, according to a poll by Bloomberg. The PMI, based on surveys, is a leading indicator of economic activity. […]
Read MoreKUALA LUMPUR: The government will eventually impose even more levies to reduce foreign worker count in selected industries, said Second Finance Minister Datuk Seri Johari Abdul Ghani. “We will impose more levies. At this moment, the levies are already high, so we will give them time to manage this. We need to manage our reliance on […]
Read MoreMANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has acquired a 49 percent stake in Tuan Loc Water Resources Investment Joint Stock Co. (TLW) for roughly P2 billion. The transaction allows MPIC, through subsidiary MetroPac Water Investments Corp., to “expand into Vietnamese industrial water concessions.” TLW is one of the largest water companies in Vietnam, […]
Read MoreThe rail link from Phnom Penh International Airport to the city will be ready for service before the start of Khmer New Year in the middle of this month, officials say, as the first tests of the service were conducted on Sunday. The Royal Railways service connects the airport with the existing rail line. The […]
Read MoreMANILA, Philippines — In an in-depth report, the debt watcher said the upward pressures on inflation due to the impact of the new tax reform law are transitory in nature and is expected to ease next year. “We believe that overheating risks in the Philippines are not yet material. Our view is based on expectations […]
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Thailand
