The draft law on anti-money laundering and combating the financing of terrorism (AML/CFT) has been approved at a Council of Ministers meeting chaired by Prime Minister Hun Sen. The law is designed to guarantee against AML/CFT by identifying measures to prevent it, crack down on it and combat such activities in the Kingdom. After approval […]
Read MoreThe Export-Import Bank of Korea will provide Myanmar with a US$30 million COVID-19 Emergency Equipment loan from its Economic Development Cooperative Fund (ECDF). The decision was made on May 14, during a meeting between Mr Kim Yu-Shin, director of EDCF’s Operations Department, and U Thant Sin, Myanmar ambassador to the Republic of Korea. The loan […]
Read MoreKUALA LUMPUR, May 18 — Since ramping up its production efforts, Malaysian manufacturers are now able to produce up to five million pieces of personal protective equipment (PPE) and are able to further increase their output. Malaysian Plastics Manufacturers Association (MPMA) president Datuk Lim Kok Boon said the national manufacturing sector takes pride in its […]
Read MoreAny trade benefit cuts by the United States for six categories of rice products would only slightly affect Thailand’s exports, according to a senior commercial official and a rice exporter. Keerati Rushchano, director-general of the Foreign Trade Department, said if Washington decides to remove these products from the Generalised System of Preferences (GSP) programme, the […]
Read MoreInstead of following procedures to become nvestors, foreign enterprises are preferring to ‘take a shortcut’ by taking over Vietnamese businesses, which allows them to penetrate the market more quickly. A report about foreign investment in HCMC City showed an increase in the number of cases of foreign investors buying into Vietnam’s enterprises. The figure accounts […]
Read MoreAs countries impose or strengthen social distancing measures due to Covid-19, a significant majority of consumers have turned to contactless card payments for necessary purchases, according to consumer polling by Mastercard. Citing safety and cleanliness, 79% of people worldwide and 91% in Asia Pacific say they are now using tap-and-go payments. Polling by Mastercard, studying […]
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