Ford set to cut 7,000 jobs, 10% of global salaried staff

Publication date 22 May 2019 | 15:12 | ICT

Ford plans to cut 7,000 jobs, or 10 per cent of its global salaried workforce, as part of a reorganisation as it revamps its vehicle offerings, the company said on Monday.

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  • Lao central bank warns businesses, public not to trade in cryptocurrency

    Publication date 22 May 2019 | 15:10 | ICT

    The Bank of the Lao PDR has warned commercial banks, businesses and members of the public not to buy, sell or use cryptocurrency for money transactions as the practice is illegal.

  • Vietnam auto sales down, despite discounts

    Publication date 22 May 2019 | 14:09 | ICT

    Despite huge reductions in the price of motor vehicles, car dealerships say sales have been unexpectedly slow in recent weeks.

     
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  • Private railway operators expanding services in Japan

    Publication date 22 May 2019 | 13:16 | ICT

    Japan’s major private railway operators are expanding efforts to make their services more convenient for passengers.

     

  • Laos’ total trade decreases in first quarter of this year

    Publication date 22 May 2019 | 11:25 | ICT

    The value of Laos’ combined exports and imports in the first quarter of this year amounted to 1.53 per cent less than during the same period last year, excluding the value of electricity imports and exports.

     
  • US Fed’s Powell: Debt risk ‘moderate’

    Publication date 22 May 2019 | 11:11 | ICT

    The US private sector’s mounting debts pose a “moderate” risk to the world’s largest economy, Federal Reserve (Fed) chairman Jerome Powell said on Monday.

  • Line pushes Thai start-ups to scale up

    Publication date 22 May 2019 | 11:10 | ICT

    THAILAND, an Asean country with a population of 69 million, is messenger platform Line’s second largest market after Japan. In fact, 90 per cent of the country’s mobile internet users are connected via Line, with the monthly number of active users amounting to 44 million.

  • CSX trading breaks all-time record with $29.6M volume

    Publication date 22 May 2019 | 10:29 | ICT

    Stock trading at the Cambodia Securities Exchange (CSX) on Tuesday broke an all-time record since its opening in 2012, as volume reached 9.45 million shares, or 120.12 billion riel ($29.6 million).

  • Trump administration fires arrow into Huawei’s Achilles heel

    Publication date 22 May 2019 | 10:09 | ICT

    The Trump administration’s move to block US technology sales to Huawei shoots an arrow deep into the Chinese tech giant’s Achilles heel – its over-reliance on US components – and threatens the company’s very survival, analysts said.

  • Vietnamese coffee exports drop on global headwinds

    Publication date 22 May 2019 | 10:05 | ICT

    Vietnam's coffee exports have fallen in both volume and value terms this year, according to the Ministry of Agriculture and Rural Development.

  • Phnom Penh port sees nearly $6M generated in this year’s first quarter

    Publication date 22 May 2019 | 07:57 | ICT

    Cambodia Securities Exchange- (CSX-) listed Phnom Penh Autonomous Port (PPAP), a state-owned enterprise, generated nearly $6 million in the first quarter of this year, a more than 25 per cent increase compared to the same period las