Singapore-based development company Teho International announced yesterday that Yim Chhay Lin will take over as director of Teho-SBG Development Co., a Cambodian joint venture.
Malaysia’s ringgit yesterday plumbed lows last seen during the Asian financial crisis 17 years ago, after a fall in foreign exchange reserves raised doubts over the currency’s ability to withstand pressure from…
Asian shares mainly rose yesterday, led by a surge in China as hopes for more market intervention and state-backed mergers overshadowed fresh weak economic data from the world’s number two economy.
The garment committee of the American Chamber of Commerce in Hong Kong is interested in increasing investment in Cambodia but first wants labor unrest curtailed, training increased and worker safety improved.
Greece has been hogging headlines lately, but emerging markets have also had their share of tribulations with the Chinese stock market in convulsions and the Brazilian economy and currency hitting the skids.
The once irresistible allure of the Chinese market to foreign multinationals is losing some of its luster as slowing growth in the world’s second-largest economy hits their sales.
Cambodia’s automotive imports comprise one-third of customs’ revenue and the industry will become increasingly important with greater Asean integration.
8211; Warren Buffett’s Berkshire Hathaway Inc said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico.…
Greece is on track to complete a draft deal on a third bailout by Tuesday and possibly get a first disbursement by Aug.
The Bank of Japan held fire on a fresh round of stimulus Friday, despite weak inflation that has defied its more than two-year-old monetary easing program.
Shares in Australia’s big four banks tumbled Friday, led by ANZ, as the market reacted to the financial institution’s weaker-than-expected profits and a surprise Aus$3 billion (US$2.
Oil prices looked set to continue a multi-week decline in Asian trade on Friday on concerns over a global oversupply of crude and mixed prospects for energy demand.
The dollar rose Friday as traders focused on key US jobs data later in the day, with an upbeat report likely to boost hopes for a September interest rate hike.
Bad loans at Chinese banks rose 35.7 percent during the first half of 2015 as economic growth remained sluggish and manufacturers struggled, the chairman of the banking sector regulator said.
Thai consumer confidence fell to a 14-month low last month, dented by slow economic growth, contracting exports and low commodity prices, a university survey showed yesterday.
Sixteen undocumented Vietnamese migrants were arrested yesterday at a construction site in Preah Vihear, the latest in a spate of arrests of workers without papers.
The EU and Vietnam announced late on Tuesday a free trade deal that would remove nearly all tariffs, with Brussels calling it a “milestone” on the way to a region-wide agreement with Southeast Asia.
Vietnam’s pending free trade agreement with the European Union has Cambodian exporters worried that they will seem less competitive to their most important market.
Rising demand for Kampot Peppers is pushing a cultivation increase, but only a limited number of companies are benefiting.
Asian shares extended gains on Tuesday, shrugging off downbeat economic data overnight that had pressured Wall Street, focusing instead on a key U.S
A key gauge of Chinese manufacturing activity plunged to a two-year low last month, an independent survey showed yesterday, the latest data suggesting the world’s second-largest economy faces downward pressure in the third quarter.
Cambodia’s plethora of banks and growing microfinance lending may soon bring the Kingdom to several tipping points. Khmer Times spoke to Grant Knuckey, the CEO of ANZ Royal Bank, about the bright and dark spots of Cambodia’s banking sector.
Delegates negotiating a vast Pacific free-trade agreement have failed to reach a final deal after several days of intense talks in Hawaii, dealing a setback to US President Barack Obama.
8212; Singapore is closely watching developments in Malaysia, said Singaporean Foreign Affairs Minister K Shanmugam Friday ahead of his trip to Kuala Lumpur for the ASEAN Foreign Ministers Meeting. When asked…
8211; Talks on a Pacific Rim free-trade pact are unlikely to end in a final deal, sources involved in the negotiations said on Friday, with a dispute between Japan and…