CFIB forecasts recession as business confidence remains ‘persistently low’

Cambodia and Thailand have agreed to an immediate ceasefire following days of deadly border clashes, the latest flashpoint in a decades-long territorial dispute. The truce was brokered under the mediation of Malaysian Prime Minister Anwar Ibrahim, the current chair of the Association of Southeast Asian Nations (ASEAN). The agreement comes after fighting between the two countries’ forces left at least 35 people dead, including civilians, and displaced thousands near the disputed frontier. What triggered the latest violence Tensions first escalated in May, when a Cambodian soldier...