Since 2016, the Lao government has lost funds in various currencies totaling USD 732 million to corruption, according to a recent report. The State Inspection Authority said at a meeting held in Oudomxay Province that 3,690 Party members have been disciplined for incidence of corruption since 2016. More than 2,000 of these were expelled, with […]
Read MoreJAKARTA: Indonesia’s central bank kept its benchmark interest rate unchanged to support the economy’s flagging recovery, while working with the government to manage price pressures fuelled by the Russia-Ukraine conflict. Bank Indonesia (BI) held the seven-day reverse repurchase rate at a record low of 3.5% yesterday as expected by all 29 economists in a Bloomberg […]
Read MoreThe Commerce Ministry vows to continue supporting and promoting soft power development, especially through food, fruit, digital content, health and beauty as well products with a Thai identity or Thainess. Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department (DITP), reported on Tuesday the department under the Commerce Ministry has successfully promoted 1,878 entrepreneurs during […]
Read MoreThe 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 […]
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