The Law and Human Rights Ministry is developing a web-based application called PRISMA to assess companies’ operational risks related to human rights abuses, from land affairs to deforestation and forced eviction to labor rights. PRISMA will be a voluntary self-assessment that covers 11 indicators, namely a company’s profile, human rights policy, grievance mechanism, supply chains, […]
Read MoreCambodia and South Korea will start the third round of their negotiations on free trade agreement (FTA) this week to outline details of chapters to boost trade, according to the Ministry of Commerce. The three-day virtual meeting will be held on Oct. 6, as the two countries aim to finalise the draft pact before the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may maintain the benchmark interest rate at a record low of 2.25 percent until late next year to allow the economy to recover from the impact of the COVID-19 pandemic, according to Fitch Solutions Country Risk & Industry Research. In its latest research note titled “Philippine […]
Read MoreThe Eastern Economic Corridor (EEC) Policy Committee on Monday approved feasibility studies on three new development projects worth a combined 1.18 trillion baht, aiming to create connectivity between the government’s flagship EEC and regional industry. The three new projects are a trio of dry ports worth a combined 24 billion baht in Khon Kaen, Nakhon […]
Read MoreThe Cambodian government is working hard at becoming more flexible to attract foreign investments and boost external trade to keep pace with the ever changing global trading environment. A Ministry of Economy and Finance (MEF) spokesman, Meas Soksensan, said that in the time of the global virus pandemic, compounded by the on-going trade war between […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is now expecting a deeper gross domestic product (GDP) contraction of seven to nine percent this year as the economy stalled due to containment measures to slow the spread of COVID-19. In a virtual conference, BSP Governor Benjamin Diokno told members of the Financial Executives of […]
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Thailand
