indo01
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Why Indonesia Abandons Dollar in Bilateral Trade

Jakarta. The Indonesian central bank has recently inked a deal with its Chinese counterpart on the use of their respective currencies when it comes to bilateral trade.  In fact, Bank Indonesia has reached the so-called local currency settlement with neighboring Malaysia and Thailand since 2018, as well as with Japan since last August. A central bank […]

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cam01
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Cambodia: Not all factories oppose minimum wage

Not all garment factories oppose an increase to the minimum wage as parties prepare to enter the first round of negotiations on Sept 14. Unions are arguing that wages be increased to $214.20 per month while employers remain steadfast that salaries be reduced because of the pandemic. “My company is more than happy to raise […]

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lao01
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Chinese Investments in Laos Soar, but Little Wealth is Spread

China’s investment in Laos has climbed since 1989 to a cumulative $16 billion, but little of this money has benefited ordinary citizens, while the negative impact from Chinese development projects isn’t being counted accurately, Lao sources say. Sonexay Siphandone—Minister of Investment and Planning—told a meeting with Chinese investors last month that “Chinese investment takes top […]

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