Nikon has published a revised financial forecast, releasing its 2020 fiscal year financial results, and announcing it has had to cut ten percent of its workforce in Laos and Thailand. According to the financial report, the company is seeing a 16.6% drop year on year, with operating profit seeing a drop of almost 92% compared to […]
Read MoreThe Japanese International Cooperation Agency (JICA) will commence preliminary studies for the construction of a deep-sea port at Dawei Special Economic Zone (SEZ) this year, officials of the Dawei SEZ Committee said. “JICA first proposed the study in December 2019 but the process was waylaid by COVID-19. But we discussed the subject again on May […]
Read MoreA business-matching mobile app called Viet-Aus Trade has been launched by the Vietnam Trade Office in Australia to help connect enterprises in the two countries. Now available for free on Apple Store and Google Play, the app is expected to be introduced to thousands of importers, investors, and business associations in Australia and nearby island […]
Read MoreA study on the construction of a Phnom Penh transportation centre is undergoing a pre-feasibility study conducted by the Asian Development Bank (ADB) has been submitted to the government. Chhieng Pich, director of the Ministry of Public Works and Transport’s General Directorate of Logistics, told Khmer Times that the relevant ministries are working on the […]
Read MoreMANILA, Philippines — Manufacturing activity in the country declined at a softer pace in May as subdued recovery was seen in output and new orders amid the easing of restrictions in areas outside of Metro Manila, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline PMI for manufacturing rose to […]
Read MoreBank Indonesia’s (BI) policy measures and a narrowing current account deficit (CAD) will likely support the rupiah amid unfavorable financial market conditions, however risks remain as Indonesia continues to record new COVID-19 cases while facing limited healthcare capacity, experts warn. Fitch Solutions has revised it outlook for the rupiah for 2020 to 15,500 per US dollar […]
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Thailand
