ASEAN HEADLINE: MYANMAR: With few options left, Rohingya people trapped in western Myanmar prepare for the worst
In this photo taken in July 2021, members of the internally displaced Rohingya community gather by their makeshift shelters at the Baw Du Pha IDP Camp in Sittwe Township, Rakhine State (Photo: AFP/STR)
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CAMBODIA: FDI inflows into Cambodia worth $48.4 bn between 2018 & 2023
FDI in Cambodia reached 197.8 trillion riels ($48.4 billion) between 2018 and 2023, the National Bank of Cambodia said.
The primary source of FDI was China (including Taiwan, Hong Kong and Macao), accounting for 45.6 per cent of total inflows to the country during the period.
Manufacturing and the financial sector attracted the highest FDI in the period.
Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels ($48.4 billion) between 2018 and 2023, according to the National Bank of Cambodia (NBC).
The primary source of FDI was China (including Taiwan, Hong Kong and Macao), accounting for 45.6 per cent of total inflows to the country during the period, NBC said, citing its own data and statistics from the Council for the Development of Cambodia (CDC).
This was followed by South Korea (11.8 per cent), Singapore (6.5 per cent), Japan (6.2 per cent), Vietnam (5.3 per cent), Malaysia (4.4 per cent), Thailand (4 per cent), Canada (3.5 per cent) and the United Kingdom (3.2 per cent).
FDI inflows from other countries were just 9.5 per cent of the total, domestic media outlets reported.
Manufacturing and the financial sector attracted the highest FDI during the period.
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Memento Maxima Digital MarketingMYANMAR: With few options left, Rohingya people trapped in western Myanmar prepare for the worst
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The monsoon, which began this month, may add to the potentially lethal threats of ethnically targeted violence, restricted movement, and food scarcity already faced by recently displaced civilians from northern Rakhine State
*Myanmar Now has changed or omitted personal names and other identifying information in this text to protect our sources’ security
The Arakha Army released a statement in mid-June addressing the mostly Rohingya Muslim inhabitants of Maungdaw Township, Rakhine State, urging them to vacate the area as soon as possible for their own safety.
The warning was issued on Sunday, the same date that the Islamic holiday of Eid-al-Adha was to begin at sunset. It came as a shock to the township’s residents, many of whom said they had no way of reaching safety if they had to leave their homes.
“I had just come out of prayers when I got a call from my uncle in Maungdaw saying that they had been warned to leave the town,” said Abdul, a young Rohingya man who has been living as a refugee in. . .
SINGAPORE: 309 people investigated over scams in Singapore
PHOTO: ENVATO
ANN/THE STAR – A total of 309 people in Singapore are assisting in investigations for their suspected involvement in scams where victims reportedly lost over SGD14 million.
The 211 men and 98 women, aged between 15 and 75, are believed to be involved in more than 1,700 cases of scams as scammers or money mules, the police said yesterday.
These people are being investigated for the alleged offences of cheating, money laundering or providing payment services without a licence.
Their victims fell for scams comprising mainly friend impersonation, e-commerce, investments, internet love and jobs.
Officers from the Commercial Affairs Department and seven police land divisions had conducted a two-week operation between June 7 and June 20. The offence of cheating carries a jail term of up to 10 years and a fine, while those guilty of money laundering can be jailed for up to 10 years, fined up to SGD500,000, or both.
For carrying on a business to provide any type of payment service in Singapore without a licence, an offender can be fined up to SGD125,000, jailed for up to three years, or both.
The police reminded members of the public to reject requests by others to use their bank accounts or mobile phone lines, to avoid being an accomplice to crimes.
Despite numerous media reports and warnings by the authorities about scams, the number hit a record high of 46,563 reported cases in 2023, with victims losing SGD651.8 million.
The 2023 figure is an increase from the 31,728 reported cases in 2022, according to figures released in February by the police.
