News
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 ...
Vientiane targets economic growth of 11 percent
Vientiane authorities are aiming to grow the capital’s economy by 11 percent this year and expect that GDP will increase by 41.6 trillion kip. It is also anticipated that the capital’s residents will have an annual average per capita income of US$5,000. The agriculture and ...
Govt asks parliament to lower growth targets
On October 24, the government asked the National Assembly to lower economic growth targets over the next four years after encountering difficulties that resulted in failure to meet the target set for last fiscal year. Prime Minister Thongloun Sisoulith presented the proposal at the second ordinary ...
Businesses urged to hedge baht in face of volatility
Business leaders have expressed concerns that the rapidly appreciating baht could dampen exports and suggest business operators hedge foreign exchange risks. The monthly meeting of the Joint Standing Committee on Commerce, Industry and Banking on September 5 heard the disquiet over the increasing volatility of foreign exchange. ...
ASEAN to become world's No. 4 economy by 2030: Laos PM
A new economic order will emerge by 2030, with Southeast Asia taking on a central role, Laotian Prime Minister Thongloun Sisoulith told business leaders in his nation’s capital on September 5. “Studies have shown that the ASEAN economy is expected to grow at 7% per annum, ...
