The Royal Government of Cambodia (RGC) has issued a sub-decree to establish the General Department of Digital Economy that will exclusively function under the Ministry of Economy and Finance (MEF) to direct, regulate and develop the digital economy in the country after the Deputy Prime Minister Aun Pornmoniroth made a proposal to Prime Minister Hun […]
Read MoreMANILA, Philippines — Companies are ramping up their expansion plans and hiring more workers in the third quarter after turning more optimistic in the second quarter, according to the Bangko Sentral ng Pilipinas (BSP). Redentor Paolo Alegre Jr., senior director of the Department of Economic Research at the BSP, said that based on the results […]
Read MoreBusinesses and investors from China should not miss the opportunity to invest in the Eastern Economic Corridor, which is set to become the country’s high-tech industry hub, said the chairman of Charoen Pokphand Group, Dhanin Chearavanont. He was referring to the government’s flagship project that spans Chachoengsao, Chon Buri and Rayong, which the government hopes will […]
Read MoreThailand’s economy remains strong, despite weaker shipments, though the weaker baht currency will be supportive of exports this year, Finance Minister Arkhom Termpittayapaisith said on Friday. The weaker baht compared with last year could for the full year 2023 help exports to either grow, or fall only slightly, Mr Arkhom told reporters. “The exchange rate is […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers (OFWs) increased by 3.2 percent in the first four months of the year after climbing by a faster rate of 3.8 percent in April, according to the Bangko Sentral ng Pilipinas (BSP). Latest data from the central bank showed personal remittances amounted to $11.68 billion from January […]
Read MoreThe riel has seen a steady increase in demand over the past two decades, growing at an average rate of 16.6 per year, even though the economy remains heavily dollarised, a senior official at National Bank of Cambodia said yesterday. Peace, political and economic stability have boosted confidence in the local currency, said Chea Serey, […]
Read More
Thailand
