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Cambodia: Phnom Penh’s rubbish tender bidding concludes

Bidding on the rubbish collection contracts in the Kingdom’s capital have now closed, after applications first opened on Feb 25 this year, according to a Phnom Penh Municipal spokesperson yesterday. Met Measpheakdey, a city hall spokesperson, told Khmer Times that the deadline for all applications has now concluded with 10 companies selected for shortlisting. He added that […]

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Philippines: Public warned against bogus cryptocurrency

MANILA, Philippines — The Department of Finance (DOF) has warned the public against a fake news article saying that the Philippine government has created a platform where Filipinos can invest in cryptocurrency. “There is no such effort by the government,” Finance Assistant Secretary Antonio Lambino said in a statement. “We categorically deny that there is […]

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Indonesia: Automakers slash car sales targets as spending power weakens

Weakening purchasing power following business disruptions caused by the COVID-19 pandemic has battered the country’s automotive industry, forcing carmakers to significantly lower their car sales targets this year. The Association of Indonesian Automotive Manufacturers (Gaikindo) cut its domestic car sales target this year by 40 percent to just 600,000 units as the government’s large-scale social […]

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Thailand: Domestic car sales plunge 65% in April

Domestic car sales shrank for an 11th straight month in April, tumbling 65.02% from a year earlier to 30,109 vehicles, as the coronavirus outbreak dampened demand, the Federation of Thai Industries (FTI) said on Wednesday. Sales in March slumped 41.74% from a year earlier. It was the 11th consecutive month of decreases after more than […]

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