News
Laos graduates from the money laundering 'grey' list
Laos is continuing on its risk assessment path for money laundering and countering finance for terrorism after the country graduated from the ‘grey’ list, which was approved by the Financial Action Task Force (FATF) last month.The National Committee for Anti-Money Laundering and Countering the Financing ...
Economy expected to average 7.1 percent growth over next three years
Myanmar’s economy is expected to grow by an average of 7.1 percent per year in the next three years, amid easing inflation and a rise in investments in infrastructure and sectors such as light manufacturing and hospitality, the World Bank said in a report on ...
Kingdom slips in TI’s graft index
For the fourth year in a row, Transparency International has rated Cambodia the country perceived as ASEAN’s most corrupt, and just ahead of North Korea and Afghanistan for the entire Asia-Pacific region. The 2016 Corruption Perceptions Index, which scores and ranks 176 countries and territories ...
Cambodia eyes AIIB loan
Cambodia will begin applying for a loan from the newly established China-backed Asian Infrastructure Investment Bank from next year in response to the current need for infrastructure development. Visiting AIIB vice president and chief investment officer D.J. Pandian met with Vongsey Vissoth, secretary of state at ...
Poor schools are at the heart of Thailand’s political malaise
Everyone knows that nurturing brainboxes is good for an economy. In Thailand, school reformers have an extra incentive: to narrow differences between rich people in cities and their poorer rural cousins, which have led to a decade of political tension and occasional eruptions of violence. ...
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 ...
PM opens new bridges, water supply projects in Huaphan
Seven bridges along Road No. 6A and water supply projects officially opened for use in Huaphan province on December 23, aiming to boost socio-economic development and poverty reduction efforts. Prime Minister Thongloun Sisoulith was honoured to open the projects in ceremonies that were attended by ...
Int'l community supports Vietnam’s climate change response
Vietnam is one of the countries worst hit by climate change. In 2016, the national climate change strategy has received strong support from the international community. The Global Climate Index indicates that Vietnam ranks 5th among countries most affected by natural disasters, which kill hundreds of ...
Media report of $10B debt incorrect: government
The government sought to set the record straight on December 22 after local media outlets erroneously reported that the Kingdom’s public debt had reached $10 billion at the end of 2015. Without naming which media outlets had published the skewed figure, which was shared widely on ...
WB helps Laos to upgrade rural roads
The World Bank’s Board of Executive Directors is providing US$25 million credit for Laos to strengthen its road maintenance systems and improve road connectivity throughout the country. The credit comes from the International Development Association, according to a report published on the World Bank’s Board ...
