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Investments Up 161% in Cambodia: CDC

Investments Up 161% in Cambodia: CDC

by Teuvo Tuomi | Aug 31, 2024 | Cambodia, Business, Economy, News, Reports

From September 2023 to August 2024, the Council for the Development of Cambodia (CDC) approved 391 new and expanded projects. This amounts to over $7.5 billion in investment, created about 340,000 jobs. This is also an increase of 168 projects over the previous year....
Harley-Davidson to Move Some Production to Thailand

Harley-Davidson to Move Some Production to Thailand

by Teuvo Tuomi | Aug 29, 2024 | Business, Investment, News, Thailand, Trade

US motorcycle icon Harley-Davidson will move the production of three models to Thailand starting 2025. This decision that has caused concern among American customers and workers. The company says the Pan America, Sportster S, and Nightster models will be produced at...
Three Thai Startups Make It to Forbes Watch List

Three Thai Startups Make It to Forbes Watch List

by Teuvo Tuomi | Aug 28, 2024 | Asia, Business, News, Reports, Thailand

Three Thai companies are featured in the latest Forbes Asia 100 to Watch list. Hungry Hub is an online restaurant booking platform that also lets users view discounts and pay for their meals in advance. Through Hungry Hub, users can search for restaurants by cuisine,...
Cambodian Banks Strengthen Consumer Protection

Cambodian Banks Strengthen Consumer Protection

by Teuvo Tuomi | Aug 18, 2024 | Cambodia, Business, News

The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have introduced new regulations to enhance responsible business practices and consumer protection. The new rules are designed to promote a sustainable and ethical financial...
Hai Phong Remains Vietnam’s FDI Magnet

Hai Phong Remains Vietnam’s FDI Magnet

by Teuvo Tuomi | Aug 15, 2024 | News, Business, Investment, Trade, Vietnam

The northern port city of Hai Phong has been a foreign investment magnet, hosting 967 foreign direct investment (FDI) projects underway worth US$30.65 billion. At a recent investment promotion conference in China’s Shenzhen city, Hai Phong granted investment...
Malaysia Plans Major Civil Servant Wage Hike

Malaysia Plans Major Civil Servant Wage Hike

by Teuvo Tuomi | Aug 11, 2024 | Malaysia, Business, Economy, News, Society

Civil servants in Malaysia may receive up to a 42.7% pay hike under the revised Public Service Remuneration System (SSPA), says Fahmi Fadzil, the Communications Minister. “As previously mentioned, the guidelines related to the salary increase among the civil servants...
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