As Cambodia continues its upward trajectory towards becoming a lower-middle-income country, it will face even greater challenges in reducing high levels of poverty as the Kingdom loses its preferential trade privileges and donor funding dries up, according to a new World Bank report. The World Bank’s Systematic Country Diagnostic, presented yesterday in Phnom Penh, stated […]
Read MoreKUALA LUMPUR — Malaysia’s economy grew faster than economists forecast in the second quarter, fuelled by stronger consumer spending and a pick-up in manufacturing. Key Points Gross domestic product rose 5.8% from a year earlier, after climbing 5.6% in the first quarter, Bank Negara Malaysia said Friday The median estimate of 26 economists surveyed by […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution revealed that the foreign investments for the national development will increase in 2018. “[National development projects] will not only be funded by the State Budget, the role of the private sector will increase,” said Minister Darmin Nasution on Thursday, August 17. According to him, the government has prepared a number of […]
Read MoreThailand’s economic growth is expected to have cooled slightly in the second quarter, as public and private investment slowed, offsetting some of the boost from stronger exports and tourism. Growth in Southeast Asia’s second-largest economy has lagged its regional peers since the army seized power in 2014 to end months of political unrest. The junta […]
Read MoreCONSUMER confidence in Singapore has picked up in the first half of 2017, following a steady decline over the last two years. According to the Mastercard Index of Consumer Confidence H1 2017 released on Friday, Singapore saw the largest improvement in consumer confidence since six months ago – jumping 15.4 points to 45.4 points, from […]
Read MoreThais continue to invest “substantially” in other Southeast Asian countries, drawn by their faster economic growth and rising middle classes, a Board of Investment director said on Wednesday. Deputy secretary general Chokedee Kaewsang made the observation at the Thailand Overseas Investment Forum jointly hosted by the BOI and Thailand Development Research Institute. Thai investment in the region […]
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