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Thailand – Lazada: Pandemic making e-commerce mainstream

Lazada Thailand says the coronavirus outbreak will turn online shopping into the new normal in Thailand, and the e-commerce giant is offering incentives to attract 50,000 offline small and medium-sized enterprises (SMEs) to the platform to assist them during this difficult time. “From mid-March to mid-April, Lazada saw a 100% rise in sale transactions,” Paradee […]

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Philippines: Metal output rises 7% in 2019

MANILA, Philippines — The country’s metallic production continued its upward trend, driven by the nickel sector as the Philippines benefitted from the ore export ban in Indonesia. Latest data from the Mines and Geosciences Bureau (MGB) showed that aggregate value of metal production increased by seven percent to P130.73 billion last year. This marks a […]

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Cambodia: Gasoline prices down by over a third

The retail price of gasoline has dropped by 36 percent, spurred by the ongoing COVID-19 pandemic, which has created volatile global oil prices According to a data graphic from the Ministry of Commerce released on Thursday, regular petrol went from 3,550 riel ($0.88) to 2,250 riel ($0.56) per litre, representing a 36.6 percent decrease. The […]

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IMF sees Cambodia registering a combined GDP growth of one percent this year and to expand to 8.5 percent in 2021

The International  Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of  1.0 percent this year before surging 8.5 percent next year. A Phnom Penh based investment and financial consultant said that for Cambodia to achieve the […]

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