The government of Germany has committed EUR4 million (approximately US$4.6 million) to the Mekong River Commission (MRC) to strengthen Mekong cross-border water cooperation, according to the MRC. The inter-governmental organisation of Cambodia, Laos, Thailand and Vietnam announced yesterday it had received an official letter from the Embassy of Germany to Laos in Vientiane that was […]
Read MorePHNOM PENH: Cambodia’s economic growth should stay at 7.25% this year and 7% next year, the International Monetary Fund (IMF) said on Tuesday. Bank credit, increasingly lent to the real estate sector, is expected to grow around 20% this year and along with credit quality and unregulated lending by real estate developers, continues to pose […]
Read MoreKUALA LUMPUR: About 13.7 million Malaysians are still not covered by any form of social security protection, says Datuk Seri Dr Wan Azizah Wan Ismail. The Deputy Prime Minister said the figure was alarming and the situation needed to be addressed. According to the January 2018 data of the Statistics Department, the country has 15.19 […]
Read MoreMANILA, Philippines — The Philippine stock market was a world in turmoil yesterday, with the index slipping way below bear territory as most investors are now getting increasingly impatient over the still unabated monster inflation in the country. The benchmark Philippine Stock Exchange index (PSEi) went on a tailspin to close at 7,132.36, down 89.72 […]
Read MoreThailand’s economic growth in the second half is anticipated to expand at a slower pace than the first half because of ebbing exports and tourism coupled with higher oil prices and the strengthening baht, say business leaders. In addition to last year’s high export base, escalating tensions in the Sino-US trade row, with tit-for-tat tariffs worth […]
Read MoreTHAILAND’S economy and banks should be able to weather heightening global risks from rising US interest rates, although escalating trade wars could pressure global growth next year, according to sovereign and banking analysts at Fitch Ratings’ annual Thai conference in Bangkok yesterday. Bank of Thailand Governor Veerathai Santiprabhob was the guest of honour at the […]
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