August 9, 2022
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Business

Cambodia’s microloan sector under scrutiny as poor drown in debt

hen Sam’s hard-up relatives needed money to buy a plot of land and start their own business several years ago, they turned to Sathapana Bank in Siem Reap to borrow about $20,000. Now the Siem Reap tuk-tuk driver and his wife are struggling to make monthly repayments of about $500. “We do not
Business

Thai army boycotts e-commerce giant Lazada over video

Thailand’s army has boycotted online retailer Lazada over an advert that the government is probing for allegedly insulting the country’s royal family. The move will see 245,000 members of the Thai military banned from using the e-commerce giant’s websites for official purposes. Thailand has strict laws over defaming, insulting or threatening senior
Business

UK employers expecting to award pay rises of 3% this year, survey shows

British employers are expecting to award pay rises of 3% in 2022, the highest in at least a decade, though well below the rate of inflation, as they try to recruit and retain workers, according to a new survey of businesses. The expected pay rise comes amid persistent signs of a tight labour market, with almost […]
Business

UK travel industry urges ministers to drop international Covid tests

The travel industry is calling on ministers to remove all remaining Covid testing requirements for international travellers, arguing they are damaging the travel sector and will not affect the spread of the Omicron variant. Manchester Airports Group (MAG) and the trade body Airlines UK said in a joint statement that research they commissioned into travel restrictions […]