Logo of Phnom Penh Post newspaper Phnom Penh Post - Business

VN banks handle $896.2B through e-payments in Q1

Publication date 24 May 2019 | 14:22 | ICT

Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion dong ($896.2 billion) in the first quarter of the year, up 23 per cent and 17.8 per cent respectively compared to last year, according to the



  • Foreign worker influx presents a business opportunity in Japan

    Publication date 24 May 2019 | 12:36 | ICT

    As companies hurry to prepare for the acceptance of foreign workers that they hope will solve their labour shortages, other businesses are offering services to help foreigners obtain visas under the new system and help them in their daily lives.

  • Huawei hit by Panasonic components withdrawal

    Publication date 24 May 2019 | 11:57 | ICT

    Japan's Panasonic said on Thursday it would stop supplying some components to Huawei, joining a growing list of firms distancing themselves from the Chinese telecoms giant after a US ban over security concerns.

  • Tourism board mulling fresh tourism strategy

    Publication date 24 May 2019 | 10:42 | ICT

    Cambodia Tourism Marketing and Promotion Board, a joint institution between the government and the private sector, is studying a new strategy to attract more foreign visitors to the Kingdom, Minister of Tourism Thong Khon said.

  • Philippine eyes microinsurance coverage for 50M Filipinos

    Publication date 24 May 2019 | 10:41 | ICT

    The Philippine government wants microinsurance coverage among Filipinos to jump to 50 million by 2022 by making these already cheap insurance products more available to farmers and those living in disaster-prone areas, Finance Under

  • Laos-Vietnam trade deficit targeted to drop to $227M

    Publication date 24 May 2019 | 10:35 | ICT

    The Lao government has set a target of reducing the trade deficit with Vietnam to about $227 million this year, with the country producing more products for export.

  • China steel company relocates to Cambodia

    Publication date 24 May 2019 | 07:59 | ICT

    Chinese state-owned iron and steel company China Baowu Steel Group Corp Ltd has unveiled plans to relocate its blast furnaces from Xinjiang Autonomous Region in the northwest of China to Cambodia, which will be the first overseas Ba

  • UK telecoms giant EE says to launch 5G without Huawei

    Publication date 23 May 2019 | 13:50 | ICT

    British telecoms giant EE will this month become the first operator in the country to launch a 5G network but will do so without Huawei technology as originally planned, it said on Wednesday.

  • Nepal bans China’s popular digital wallets Alipay, WeChat

    Publication date 23 May 2019 | 12:57 | ICT

    Nepal said on Tuesday it has banned popular Chinese digital wallets Alipay and WeChat to prevent the loss of foreign currency earnings from tens of thousands of Chinese tourists.

  • South Korea seeks to dominate bio-health

    Publication date 23 May 2019 | 11:57 | ICT

    South Korea has chosen the bio-health industry as one of its three new target growth engines, alongside non-memory chips and future mobility.

  • Plan B: Huawei’s Android ban operating system headache

    Publication date 23 May 2019 | 11:42 | ICT

    Google's decision to partially cut off Huawei devices from its Android operating system has presented the Chinese tech titan with one of its most dramatic challenges yet – how to keep up with the competition if it cannot use the platform that powers nearly every other smartphone in the world?