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Costco and UPS issue bold message on tariff refunds

Costco and UPS issue bold message on tariff refunds

Billions of dollars in tariffs are heading back to importers. And some of America's biggest companies are making clear they won't be keeping the money. Costco Wholesale and United Parcel Service are among the companies that have stepped forward with direct commitments to pass tariff refunds on to ...
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Cambodia Expands Sustainable Finance Market with New Bond Guidelines

Cambodia Expands Sustainable Finance Market with New Bond Guidelines

Cambodia has launched new guidelines for issuing Green, Social, and Sustainability (GSS) Bonds, aiming to expand sustainable investment opportunities and strengthen the country's capital markets. The Securities and Exchange Regulator of Cambodia (SERC), in collaboration with the United Nations Development Programme (UNDP), unveiled these guidelines to support the development of a sustainable finance ecosystem. This initiative builds on previous green bond guidance and includes social and sustainability bonds, reflecting Cambodia's commitment to sustainable economic development.
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Manufacturers Embrace AI to Enhance Quality Amidst Challenges

Manufacturers Embrace AI to Enhance Quality Amidst Challenges

Manufacturers Embrace AI to Enhance Quality Amidst Challenges
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Explainer-Cambodia turns to obscure UN process to resolve maritime dispute with Thailand

Explainer-Cambodia turns to obscure UN process to resolve maritime dispute with Thailand

BANGKOK, June 3 (Reuters) - Cambodia is betting on a little-used UN arbitration process known as "compulsory conciliation" to resolve a long-running maritime boundary dispute with Thailand and unlock what it says are billions of dollars in potential oil and gas resources.
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International Chambers Advocate for Reforms in Cambodia's Government-Private Sector Forum

International Chambers Advocate for Reforms in Cambodia's Government-Private Sector Forum

International business chambers in Cambodia have called for reforms to enhance the Government-Private Sector Forum (G-PSF), the main platform for dialogue between the government and investors. The American Chamber of Commerce in Cambodia (AmCham Cambodia) hosted a meeting where chamber leaders and government officials, including Deputy Prime Minister H.E. Sun Chanthol, discussed potential improvements. A survey conducted by AmCham Cambodia revealed unanimous support for reforms aimed at better coordination, regulatory consultation, and issue tracking within the G-PSF. Key proposals include an evaluation framework, centralized issue registration, and formalized technical working groups. The meeting also addressed differing views on co-chair term limits and conflict resolution mechanisms.
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CPKC Sets New May Monthly Grain Record, Enhancing North American Rail Service

CPKC Sets New May Monthly Grain Record, Enhancing North American Rail Service

CPKC Sets New May Monthly Grain Record, Enhancing North American Rail Service
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Wyoming Governor's Executive Order Supports Data Center Growth Amid Regional Hesitations

Wyoming Governor's Executive Order Supports Data Center Growth Amid Regional Hesitations

Wyoming Governor Mark Gordon has signed an executive order to facilitate the development of data centers in the state, promoting what he calls the 'Wyoming Way.' This initiative comes as other regions, including Denver, have imposed moratoriums on data center development due to environmental and community concerns. The order encourages data centers to cover energy costs, create jobs, and protect local resources. While the order itself does not change existing policies, it directs state agencies to propose legislative actions within 60 days. The move is part of a broader effort to position Wyoming as a leader in supporting the digital economy.
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Law Enforcement and Tech Companies Disrupt Over 1.4 Million Scam Accounts in Southeast Asia

Law Enforcement and Tech Companies Disrupt Over 1.4 Million Scam Accounts in Southeast Asia

A significant crackdown on cybercrime has led to the disruption of over 1.4 million accounts used by scam networks across Southeast Asia. This operation, known as Disruption Week, was a collaborative effort involving the US Department of Justice’s Scam Center Strike Force, the Royal Thai Police, and several major tech companies including Apple, Coinbase, Google, Meta, Microsoft, and others. The operation targeted fraud schemes operating out of industrial-scale compounds in Cambodia, Laos, and Burma. These scams involved luring workers to Thailand with promises of high-paying jobs, only to seize their IDs and force them into fraudulent activities. The crackdown resulted in the arrest of 63 individuals, the disruption of malicious IP traffic, and the decommissioning of servers used by the scammers. Additionally, criminal complaints were filed against individuals involved in cryptocurrency investment fraud, and over $3.8 million in cryptocurrency assets were frozen.
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Octave Survey Reveals Surge in AI Adoption and Quality Investments in Manufacturing

Octave Survey Reveals Surge in AI Adoption and Quality Investments in Manufacturing

Octave Survey Reveals Surge in AI Adoption and Quality Investments in Manufacturing
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StormGeo and OceanScore Enhance Emissions Compliance Cooperation for Shipping Industry

StormGeo and OceanScore Enhance Emissions Compliance Cooperation for Shipping Industry

StormGeo and OceanScore Enhance Emissions Compliance Cooperation for Shipping Industry
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Cambodia Initiates UN Process to Resolve Maritime Dispute with Thailand Over Energy Resources

Cambodia Initiates UN Process to Resolve Maritime Dispute with Thailand Over Energy Resources

Cambodia has launched a compulsory conciliation process under the United Nations Convention on the Law of the Sea (UNCLOS) to address a maritime boundary dispute with Thailand. This move comes after Thailand unilaterally terminated a 2001 agreement that provided a framework for negotiations over the disputed area in the Gulf of Thailand. The contested region, known as the Overlapping Claims Area (OCA), is believed to contain significant energy resources, including nearly 12 trillion cubic feet of natural gas and large quantities of oil, valued at approximately $300 billion. Cambodia's decision to engage the UN process is aimed at protecting its sovereignty and maritime rights. The process will be overseen by the UN Secretary-General, with Cambodia appointing Foreign Minister Prak Sokhonn and two international conciliators to lead the proceedings. Thailand has 21 days to appoint its own conciliators.
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Port of Itajaí Initiates Removal of 133-Year-Old Shipwreck to Enhance Operations

Port of Itajaí Initiates Removal of 133-Year-Old Shipwreck to Enhance Operations

The Port of Itajaí in Brazil has embarked on a significant project to remove the wreck of the merchant ship Pallas, which has been submerged in a critical shipping channel for over 130 years. This initiative is part of a broader modernization effort aimed at deepening the channel to accommodate larger vessels. The Pallas, a ship built in England in 1891 and incorporated into the Brazilian fleet the same year, was scuttled in 1893 during the Federalist Revolution to prevent its capture by rebels. The wreck has since obstructed access to the port, limiting its operational capacity. The removal is expected to facilitate safe maneuvers, increase productivity, and reduce logistics costs, thereby strengthening the port's competitiveness. The project, which includes dredging and other infrastructure improvements, is financed by the federal government at a cost of $158.8 million.