The poverty rate of the Cambodian population has increased from 13.5 percent in 2014 to 17.8 percent in 2019 and 2020, according to a senior official at the Ministry of Planning. At the opening ceremony of the Workshop on Promoting the Implementation of the National Population Policy 2016-2030 at Siem Reap Provincial Hall yesterday, Toun […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has raised its 2022 gross domestic product (GDP) growth forecast for the Philippines to 6.5 percent from the original target of 6.3 percent, making the country the fastest growing economy among members of the Association of Southeast Asian Nations-5 (ASEAN-5). Based on the April 2022 World Economic […]
Read MoreThe country’s burden in terms of loan interest payments over the next five years will not exceed the international standard level, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office (PDMO). Mrs Patricia said the office closely monitors the ratio of the interest burden to the country’s estimated annual revenue. She said the ratio […]
Read MoreThe government’s effective handling of the Covid-19 crisis and various Free Trade Agreements (FTAs) helped boost Cambodia’s international volume in the first quarter of this year. The Kingdom’s international trade reached $13.1 billion during the January-March period in 2022, up 9.1 percent compared to the same period last year, according to the General Department of […]
Read MoreMANILA, Philippines — Tokyo-based debt watcher Rating and Investment Information Inc. (R&I) has affirmed the BBB+ credit rating and stable outlook of the Philippines on the back of the country’s solid recovery, healthy government finances, rising investments, and a stable banking sector. The Japanese credit rating agency said the Philippines has been demonstrating solid economic […]
Read MoreINDONESIA recorded a 10.3 trillion rupiah (S$981.2 million) budget surplus in the first quarter of 2022, equivalent to 0.06 per cent of GDP, as high commodity prices and an improving domestic economy boost revenue, its finance minister said. The surplus was in stark contrast to 2021’s 143.7 trillion rupiah budget deficit, when the country’s fiscal […]
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Thailand
