Cambodia needs $50 billion to implement a draft 10-year master plan for multi-mode transportation connectivity and logistics, according to a release by the Ministry of Public Works and Transport (MPWT). Koy Sodany, secretary of state of Ministry of Public Works and Transport (MPWT), said that the draft master plan will include projects for the development […]
Read MoreJAKARTA: Indonesia’s central bank kept its benchmark interest rate unchanged at a record low on Thursday, as expected, saying the level remained consistent with its inflation target and supporting economic growth. Bank Indonesia (BI) left the benchmark seven-day reverse repurchase rate at 3.50%, where it has been since February 2021, as forecast by most analysts […]
Read MoreMANILA, Philippines — The Asian Development Bank upwardly revised its growth forecast for the Philippines, joining a small number of Asian economies that received a better economic outlook as rising interest rates and consumer prices threaten the region’s recovery from a more persistent pandemic. In a supplement to its flagship “Asian Development Outlook” report released Thursday, […]
Read MoreThe tiny Southeast Asian state of Laos, with a population of around seven million, does not often make global headlines. A one-party, authoritarian regime, it mostly avoided the type of global criticism of neighbors like Myanmar, despite an atrocious rights record. It avoided drawing attention because of its small size and because it lacked any […]
Read MoreThailand was ranked 41st out of 66 countries for the world’s best destinations for remote work, weighed down by low scores in cybersecurity and English proficiency, according to a new report conducted by NordLayer, a network access security solution provider. Germany topped the ranking, followed by Denmark and the US. European nations filled out fourth […]
Read More(Bloomberg) — The outlook for Myanmar’s economy remains weak as surging inflation, dollar shortages and lingering domestic conflict pose challenges to its pandemic recovery, according to the World Bank. The lender estimates that gross domestic product in 2022 will be about 13% lower than in 2019 despite a better-than-previously expected 3% GDP growth seen for […]
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