The use of the riel in the Cambodian economy is set to see a significant increase as more use it for large transactions, but its market share remains dwarfed by the dollar, according to a survey by the National Bank of Cambodia (NBC) and the Japan International Cooperation Agency (Jica). While riel use is set […]
Read MoreTHE World Bank has agreed to finance three major projects in Laos designed to reduce malnutrition in children and improve public resource use and service delivery. The bank’s Board of Executive Directors last week approved $72 million in the form of a concessional loan to finance the projects, according to a media release from the […]
Read More[KUALA LUMPUR] Some local and foreign firms have expressed interest in buying Malaysia Airlines, Malaysian Prime Minister Mahathir Mohamad said on Wednesday. Malaysia was still studying options for the financially troubled national carrier, he told reporters. “There are certain parties who are interested to buy (the airline), so we don’t reject (the possibility of selling),” […]
Read MoreThe second Thailand-Myanmar Friendship Bridge linking Thailand’s Mae Sot district and Myanmar’s border city of Myawaddy on the Thai-Myanmar border has been officially opened to facilitate cross-border transport of goods and people. Prime Minister Prayut Chan-o-cha and Myanmar State Counsellor Aung San Suu Kyi presided over the opening ceremony held on Tuesday in the middle […]
Read MoreMANILA, Philippines — The discrepancy in the trade data recorded by the Philippines as against figures reported by its trading partners worsened in 2018 due to lapses in the collection of export data, the Department of Finance (DOF) said yesterday. Comparing data from the International Monetary Fund (IMF) Direction of Trade Statistics and the Philippine Statistics Authority (PSA), Finance […]
Read MoreSINGAPORE – Singapore is the third most vulnerable Asia Pacific country to a sustained trade slowdown in China after Hong Kong and Mongolia, according to a Moody’s Investors Service report released on Tuesday (March 19). The report examined 23 rated countries in the region to identify the most vulnerable to slower growth in Chinese demand, and which […]
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