On November 13, Cambodia’s princeling prime minister, Hun Manet, will meet with Cambodia’s aggravated private sector for his administration’s first Government-Private Sector Forum which his nascent government has been preparing for months. There has already been a public furore over the likely rise in taxation, which Hun Manet has denied will happen, but anyone with […]
Read MorePrime Minister Srettha Thavisin announced his government’s intention to promote Thailand as a global festival destination, in the hopes of boosting tourism across the country and attracting more foreign tourists over the New Year period. Srettha announced today that Thailand will host two major events, namely the “Thailand Winter Festival”, which consists of 3,000 festivals […]
Read MorePHNOM PENH, Nov. 10 (Xinhua) — Cambodia has seen a big jump in the use of local currency Riel over the past two decades, National Bank of Cambodia (NBC)’s Governor Chea Serey said here on Friday. With the objective of de-dollarizing the economy based on the market mechanism and on a gradual approach, the NBC […]
Read MoreChina’s real GDP is projected to grow by 5.4 percent in 2023, an International Monetary Fund (IMF) statement said on Tuesday. “The Chinese economy is on track to meet the government’s 2023 growth target, reflecting a strong post-Covid recovery,” said the statement made by the IMF’s First Deputy Managing Director, Gita Gopinath, following a visit […]
Read MoreBANGKOK, Oct 28 (Reuters) – Thailand’s current policy rate is appropriate for the economy, but the central bank is ready to make “adjustments” if needed, the bank’s governor said as he warned of increased global risks and concerns over the Middle East conflict. Sethaput Suthiwartnarueput told reporters on Saturday that Southeast Asia’s second’s largest economy […]
Read MorePHNOM PENH: The Cambodian government has approved the draft budget of 38,829 billion riels (US$9.4 billion) for the government spending in 2024, a decrease from the US$9.64 billion in 2023, reported Xinhua. The approval was made during a weekly Cabinet meeting on Friday, which was chaired by Prime Minister Hun Manet, said a press release […]
Read MorePakistan’s inflation rate rose to 31.4% year-on-year in September from 27.4% in August, statistics bureau data showed on Monday, as the nation reels from high fuel and energy prices. The country is embarking on a tricky path to economic recovery under a caretaker government after a $3 billion loan programme approved by the International Monetary […]
Read MoreMINSK, 2 October (BelTA) – Gomselmash will supply a batch of grain harvesters to Tajikistan in 2024, the company’s press service told BelTA. The 16th meeting of the Belarus-Tajikistan intergovernmental commission on trade and economic cooperation was held in Dushanbe. The Belarusian delegation led by Agriculture and Food Minister Sergei Bartosh took part in this […]
Read MoreIn an updated report on Monday, the World Bank said that it maintained its economic growth forecast for Cambodia at 5.5 per cent in 2023 and raised it to 6.1 per cent in 2024. The Southeast Asian country’s growth is driven by garment export, tourism, agriculture, and construction and real estate, reports Xinhua news agency. […]
Read MoreBy Low De Wei and Kevin Varley Breaking for lunch during his work as a handyman in Singapore, Zuo Jing Fa usually heads to the nearest food hall in search of a cheap meal. He’s having to look harder these days as inflation hits hawker centers — the open-air food complexes dotting the city and […]
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