The internationally known “7-Eleven” convenience store brand has been marked to enter the Cambodian market in 2021, and will be operated by CP All (Cambodia) – a subsidiary of the Thai conglomerate Charoen Pokphand Group. CP All entered into a master franchise agreement with the Japanese-American owned 7-Eleven Inc. this week. CP All already operates […]
Read MoreThailand’s economy is facing a greater risk of deflation after a two-month easing of headline inflation, with global stock markets experiencing another sell-off trend this month, says Asia Plus Securities (ASP). Deflation is defined as a decline in the general prices of goods and services for six consecutive months. This week it was reported that […]
Read MoreChinese company China Good Cars Holding Ltd has announced a plan to invest $160 million in a heavy truck terminal on the outskirt of Phnom Penh in order to reduce traffic congestion in the city, according to the Ministry of Public Works and Transport. The plan was announced during a meeting between Minister Sun Chanthol […]
Read MoreCountries with a substantial domestic travel engine will be able to increase GDP figures and combat jobless rates better than those with more limited domestic demand reliant on inbound tourism, says STR, a hospitality market analyst. As nobody knows when the pandemic will end, the situation is precarious, with tourism restarting with the local market, […]
Read MoreVietnam takes the fourth position in the access-to-electricity index in 2019 in the Association of Southeast Asian Nations (ASEAN), with 82.2 points, according to the World Bank’s Doing Business report. The index was up 0.3 point compared to 2018 and ranked 27th out of 190 countries and economies, the Electricity and Renewable Energy Authority under […]
Read MoreMANILA, Philippines (UPDATE 2 12:43 p.m., May 7)— The Philippine economy shrank for the first time in more than 21 years in the first quarter, the clearest sign of damage from the coronavirus pandemic which both government officials and analysts expect to worsen this quarter. Gross domestic product (GDP), the sum of all goods and services […]
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