The Asian Development Bank (ADB) has approved a $50m policy-based loan aimed at supporting the government of Cambodia to diversify the country’s economy and boost its global competitiveness. The loan will support Cambodia’s post-COVID-19 economic recovery by supporting government reforms to enhance the investment and business environment; foster the growth of micro, small, and medium-sized […]
Read MoreKUALA LUMPUR: Malaysian banks have remained steadfast in its role as the country’s financial backbone in 2022, supporting economic recovery by providing the necessary liquidity in the market. According to Bank Negara Malaysia (BNM), the banking system continued to maintain healthy liquidity positions, recording a strong liquidity coverage ratio of 152.5 per cent in September […]
Read MoreMANILA, Philippines — The government is strongly pushing for the creation of the Maharlika Wealth Fund as it faces constraints to finance new projects, especially after the country’s outstanding debt jumped to a new record high P13.64 trillion in October. Based on the Bureau of the Treasury (BTr) data, the government increased the debt stock […]
Read MoreBelow are among new policies on import and export nomenclature, electricity generation price bracket, and licenses to manufacture tobacco products taking effect from December. Conditional production for industrial chemicals Decree No. 82/2022/ND-CP (Decree 82) dated October 18, 2022, amends and supplements a number of articles of Decree No. 113/2017/ND-CP detailing and guiding the implementation of […]
Read MoreCambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come, the World Bank said in a report released yesterday. The World Bank forecasts economic growth of 4.8 percent in 2022 as the post-pandemic economic recovery expands thanks to a rebound in tourism, the World […]
Read MoreThailand’s economic outlook remains positive for next year despite global headwinds, according to economists. Speaking at the “Thailand Insight 2023: Unlocking the Future” forum held on Wednesday by the Bangkok Post, Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered Bank (Thai), said Thailand could provide opportunities in 2023 and the bank is positive about […]
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