Thailand and Vietnam have surpassed Singapore as the top crypto trading centers among the ten members of the Association of Southeast Asian Nations (ASEAN). Nikkei reports that according to data provided on Wednesday by blockchain data company Chainalysis, the two ASEAN members reported over USD 100 billion in crypto trade values between July 2021 and June 2022. […]
Read MoreThe Asian Development Bank (ADB) said Wednesday that Cambodia was expected to have one of the lowest rates of inflation among ASEAN countries this year despite the global surge in fuel and fertiliser prices. In the annual update to its Asian Development Outlook, the bank said it upwardly revised its inflation forecast for Cambodia this […]
Read MoreUNITED NATIONS — The Philippines can reach its goal of becoming an upper middle-income country by next year and “moderately prosperous” by 2040, but it needs the help of other nations to make such ambitions possible, President Ferdinand “Bongbong” Marcos Jr. said Wednesday. In an address delivered before the 77th United Nations General Assembly, Marcos said […]
Read MoreVietnam is anticipated to be placed among the top 15 with the largest GDP based on purchasing power parity (PPP) in Asia this year, according to the latest projections made by the International Monetary Fund (IMF). China is forecast to become the economy with the largest GDP by purchasing power parity (PPP) in Asia, followed […]
Read MoreEnergy authorities are planning to make gasohol E20 the primary oil fuel at petrol stations in place of gasohol E10, also known as gasohol 91, which will be gradually phased out. Gasohol E20 is a mix of gasoline and 20% ethanol, while gasohol E10 is blended with 10% ethanol. Gasohol E10 is known by motorists […]
Read MoreRestructured loans of private borrowers in Cambodia have gone up to 13 percent of GDP as of June 2022 and non-performing loans (NPLs) have risen to nearly 4.5 percent of the Gross Domestic Product (GDP), according to the IMF Mission that completed its mandatory Article IV Consultation in the Kingdom recently. The total outstanding private […]
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