Singapore has replaced China as the leading investing country in Cambodia in 2021, accounting for six projects, or 40 percent of Cambodia’s inward FDI, revealed the Investment Monitor’s ‘2022 Inward FDI Performance Index’, released recently. China, which held the top position in both 2019 and 2020, dropped to joint second, alongside the US, recording three […]
Read MoreMANILA, Philippines — Lazada Philippines is constantly investing in its operations in the country, particularly in areas such as logistics, to improve customer experience. In an interview with reporters, Lazada chief executive officer Carlos Barrera said the company is constantly making investments, citing logistics as one area of concentration to be able to serve its […]
Read MoreKUALA LUMPUR, Nov 2 ― MIDF Research expects Malaysia’s economic growth momentum to be sustained on the back of growing domestic demand despite the manufacturing Purchasing Managers’ Index (PMI) falling further to 48.7 last month from 49.1 in September 2022. The research house said that although the PMI readings continued to signal slowing demand, external […]
Read MoreThe Brunei Darussalam Central Bank (BDCB) reminded the public to exercise extreme caution prior to dealing with cryptocurrencies and related products, in a statement yesterday. The public is also urged to fully understand the risks associated with cryptocurrencies, and to be wary of rampant cryptocurrency fraud and scams promising high returns on investments often advertised […]
Read MoreAll seven freight stations by Laos-China Railway are now operational after the official opening of the final freight station in Xay District, Oudomxay Province on Tuesday. The seven stations that provide freight services include Vientiane South Railway, Phonhong, Vang Vieng, Luang Prabang, Nateuy, and Xay. This route will enable quicker and smoother transportation of goods […]
Read MoreTourism leaders are projecting 18 million foreign arrivals in 2023 while holding out little hope the Chinese market will return anytime soon, says the Tourism Authority of Thailand (TAT). “Under the base case scenario, Thailand should have 18 million foreign tourists, of which 72% or around 13 million would come from short-haul markets, contributing 598 billion […]
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