US, China ink ‘phase one’ trade agreement

Publication date 16 January 2020 | 23:18 | ICT

The US and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place.



  • Acleda’s IPO to target individual investors

    Publication date 15 January 2020 | 21:43 | ICT

    Acleda Bank Plc will target individual investors when it floats its shares on the local stock market later this year, the bank’s president said.

  • Rosy outlook for Kingdom’s securities sector this year

    Publication date 15 January 2020 | 21:42 | ICT

    The Kingdom’s securities sector boomed last year, with a daily average trading value of $157,045 – up 487.76 per cent compared to 2018’s $26,719, a Cambodia Securities Exchange (CSX) report said.

  • Acleda, Wing team up to harmonise services

    Publication date 15 January 2020 | 21:42 | ICT

    Two leaders in the local financial industry have teamed up to enhance customer access to transfers, e-payment, loan repayment and remittance services.

  • Washington, Beijing set to sign vital trade truce

    Publication date 15 January 2020 | 21:41 | ICT

    The world’s two dominant economic powers, the US and China, are poised to sign a trade truce on Wednesday that will allow businesses around the globe to breathe a sigh of relief.

  • Central bank: VN’s monetary policies do not create unfair gains in international trade

    Publication date 15 January 2020 | 21:40 | ICT

    The State Bank of Vietnam (SBV) will be consistent in regulating monetary policies according to market developments, with no aim for an unfair competitive edge in international trade, it said in a statement on Tuesday.

  • China to allow bond underwriting for more foreign-invested banks

    Publication date 15 January 2020 | 21:39 | ICT

    More foreign-invested banks will be allowed to underwrite bonds issued by the local governments in China, as part of the country’s financial sector’s further opening-up efforts, experts said.

  • Hong Kong pledges another $1.3 billion in economic relief

    Publication date 15 January 2020 | 21:39 | ICT

    Hong Kong Chief Executive Carrie Lam on Tuesday pledged HK$10 billion (US$1.3 billion) in new relief measures to prop up an economy as it grapples with months of protests that have hurt business confidence in the city.

  • Vingroup ditches air transport business

    Publication date 15 January 2020 | 21:38 | ICT

    Vietnam's largest conglomerate Vingroup JSC on Tuesday announced that it is officially withdrawing from the air transport business.

  • Laos urged to think beyond being a landlocked country

    Publication date 15 January 2020 | 21:37 | ICT

    The Lao government must employ concrete measures to implement its policy on transformation of the country from landlocked to a land bridge, a senior economist has said.

  • Chinese firms to build new PP airport

    Publication date 14 January 2020 | 22:58 | ICT

    Three enterprises, all Chinese-owned, have been chosen to build the new airport that will service the Cambodian capital, the company in charge of the project said.