News

ASEAN pushing global GDP growth

Despite rising trade tensions and geopolitical risks, half of ASEAN’s member states are among the top drivers of global growth. The International Monetary Fund’s (IMF) World Economic Outlook released last week painted a bleak future for the global economy which is in a “synchronised slowdown” and ...

Jason Thomas

Mekong Delta region makes up 18 percent of GDP

Mekong Delta localities collected more than 243.2 trillion VND (10.46 billion USD) for the budget in 2016-2018, and made up 18 percent of the country’s GDP, according to an official from the Ministry of Planning and Investment (MPI). Keep reading ...

The US-China trade war could wipe 0.2%-0.3% of Asean's GDP

The ongoing trade war between US and China, two of the largest economies in the world, could wipe out about 0.2% to 0.3% of the Asean region’s gross domestic product (GDP), says ASEAN+3 Macroeconomic Research Office (AMRO) chief economist Dr Khor Hoe Ee. Keep reading ...

Effective education key to escaping middle income trap, ADB says

Thailand faces more challenges as it strives to improve the economy and people’s incomes for the long term as it struggles to move up from being a middle-income country, the Asian Development Bank says. For the short term, the ADB has predicted that Thai exports ...

DPM offers measures for Xekong to pursue robust growth

Xekong provincial authorities were told to translate the government’s measures, outlined to boost 2017 socio-economic development, into the province’s planning and projects to drive local growth and improve people’s livelihoods. Deputy Prime Minister Dr Sonexay Siphandone, during his working trip to the province last week, ...

Fintech potential still untapped

Digital financial services have the potential to significantly expand economic activity in Cambodia by bridging the gap between existing financial products and growing credit needs, according to a new study. Adopting digital financial services, or fintech, could increase the Kingdom’s GDP by about 6 percent, ...

More tourists, less revenue

The Ministry of Tourism released its annual report on January 24 during its yearly meeting, showing growth continued for the sector in 2016, while launching a campaign to eliminate unlicensed tourist establishments that ministry officials claim slowed revenue collection last year. International tourism arrivals increased by ...

Urban FMCG market rising as rural market sees lower growth

2016’s GDP reaching 6.21 per cent fell short of the target of 6.5 per cent but CPI was controlled at 2.67 per cent, lower than the targeted 3-4 per cent. Retail sales of consumer goods also maintained double digit growth, at 10 per cent on ...

Indonesia among Asia's top destinations attracting investors: ECN survey

Indonesia is among Asia’s most attractive investment destinations, thanks to a robust private demand combined with expectation of improvements in its business climate, a survey from The Economist Corporate Network showed. Published on January 17, the survey — titled “Navigating Asia’s Risks and Rewards: Asia ...

Economy resilient to global headwinds: World Bank

Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak ...

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