Cambodia may soon have an Asean Chamber of Commerce that will provide a platform for businesspeople and professionals from the region living in the Kingdom, apart from local businesses, to exchange ideas and views and also to help the country to attract more Foreign Direct Investment (FDI). This was disclosed to Khmer Times by Eric Lim, the […]
Read MoreBrunei Darussalam Central Bank (BDCB) noted in its second policy statement for 2022 published yesterday, that the International Monetary Fund (IMF) maintained its global economic growth forecast for 2022 at 3.2 per cent, and the growth forecast was slightly decreased from 2.9 per cent to 2.7 per cent in 2023. The basis of the revised […]
Read MoreJAKARTA, Dec 15 (Reuters) – Indonesia’s parliament on Thursday voted to approve financial legislation that widens the central bank’s mandate to include supporting sustainable economic growth and formalise its debt monetisation operations. Called the “Development and Strengthening of Financial Sector” bill, the new rules are also seen opening the door for ex-politicians to head Bank […]
Read MoreThe continuing depreciation of the kip is creating a major roadblock in the government’s efforts to rein in inflation, especially as one third of the goods used to calculate price rises are imported. The kip has fallen in value by 19.44 percent against the US dollar and by 18.02 percent against the Thai baht over […]
Read MoreThe Royal Government of Cambodia had a total public debt of $9.47 billion as of September 2022, the Ministry of Economy and Finance said, affirming that the public debt remained at low risk. The public debt comprised 68 percent from bilateral Developing Partners (DPs) and 32 percent from multilateral DPs, according to the ministry’s Cambodia […]
Read MoreThis estimate is supported by close synergy between the government and the central bank Jakarta (ANTARA) – Indonesia’s central bank, Bank Indonesia (BI), projects that inflation will fall to a level of 1.5 percent to 3.5 percent in 2024 after possibly lying in the range of two to four percent in 2023. Currently, inflation is […]
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