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State Bank of Vietnam seeks to weaken national currency

Publication date 19 March 2019 | 15:40 | ICT

SINCE the beginning of the year the State Bank of Vietnam (SBV) has been increasing the reference rate of the dong against the US dollar, and the Vietnamese currency has appreciated 0.43 per cent as a result.

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  • Kingdom’s tobacco industry undergoes decrease last year

    Publication date 19 March 2019 | 13:54 | ICT

    Cambodia’s tobacco industry saw a decrease in cultivation last year, despite the Kingdom being granted duty-free and quota-free exports of tobacco leaves to Vietnam, according to Ministry of Agriculture, Forestry and Fisheries data.

  • 737 MAX disaster pushes Boeing into crisis mode

    Publication date 19 March 2019 | 13:46 | ICT

    After a second air disaster involving the 737 MAX 8, aviation giant Boeing swung into crisis mode, losing $25 billion of market capitalisation and suffering a severe hit to its reputation.

  • Indonesian palm oil producers eye domestic market amid challenges

    Publication date 19 March 2019 | 12:54 | ICT

    AMID tough global market challenges, Indonesia’s palm oil producers have to start expanding in the domestic market in order to boost absorption and stay afloat.

  • Full steam ahead for cruise tourism sector in Vietnam

    Publication date 19 March 2019 | 12:45 | ICT

    VIETNAM’S sea tourism sector has reported annual growth of only two to three per cent, while other Asian countries have witnessed robust growth in cruise tourism in recent years.

  • Island highway loop set to boost tourism in China’s Hainan

    Publication date 19 March 2019 | 11:05 | ICT

    PLANS are underway to give Hainan’s tourism infrastructure and services a solid boost, with construction of highways and expressways to be started or completed this year, according to local authorities.

  • Pi Pay leads Kingdom’s new payment revolution

    Publication date 19 March 2019 | 10:34 | ICT

    Cambodian mobile payment app Pi Pay has shown progress since its service was unveiled in mid-2017, with total transaction value amounting to $170 million and total transactions reaching 7.5 million, the firm’s CEO said on Monday.

  • South Korea’s top 10 conglomerates’ cash reserves hit record high

    Publication date 19 March 2019 | 10:31 | ICT

    SOUTH Korea’s largest 10 conglomerates held record-high cash reserves last year, as they earned more on thriving chip businesses but spent less on fears of a sluggish economic outlook.

  • Thai food fair offers business opportunities for Lao firms

    Publication date 19 March 2019 | 10:30 | ICT

    THE organisers of Thaifex-World Food of Asia 2019, a Thai food exhibition, are looking for business opportunities with Lao firms in the food and beverage sector, so they can expand their markets in Thailand and overseas.

  • Cambodia, India to cooperate on ICT

    Publication date 19 March 2019 | 09:25 | ICT

    Cambodia and India are moving forwards in their cooperation in the area of information and communications technology (ICT) to meet long-term objectives and sustainability in the sector, the Indian embassy in Phnom Penh said on Monda

  • River festival in K Chhnang province attracts 1M visitors

    Publication date 19 March 2019 | 09:14 | ICT

    A three-day river festival in Kampong Chhnang held last weekend attracted nearly one million visitors, both national and international, according to the Ministry of Tourism on Monday.