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ADB hikes Philippines growth forecast GDP seen to grow by 6.5% this year

MANILA, Philippines — The Asian Development Bank (ADB) expects the Philippine economy to grow faster than initially anticipated this year, following the stronger-than-expected performance in the first quarter with the easing of pandemic-induced restrictions. In its Asian Development Outlook 2022 Supplement released yesterday, the multilateral institution said it raised the growth forecast for the Philippines […]

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Vietnam potential tourism market of Cambodia

Vietnam is Cambodia’s huge and promising tourism market, with the highest percentage of foreign arrivals in the country, Under-Secretary of State at the Cambodian Ministry of Tourism Thok Sokkhom has said. He made the statement at the Cambodian Tourism Roadshow held by the Cambodian Ministry of Tourism in coordination with the People’s Committee of Can […]

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Myanmar’s economy fragile as fighting, inflation hit poor

BANGKOK (AP) – Army-ruled Myanmar’s economy remains fragile as civil strife, inflation and onerous policy decisions add to troubles facing farmers and businesses, reports by the World Bank and other experts said yesterday. Conditions have improved since last year, right after the military ousted the elected government of Aung San Suu Kyi, but the country […]

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