Driven by the strong external demand and a resumption in domestic activity, Cambodia’s real GDP growth is estimated to have accelerated to 5 percent in 2022 from 3 percent in 2021. The manufacturing sector was robust, supported by the expansion of both garment and non-garment exports The Cambodian economy is projected to expand at a […]
Read MoreMANILA, Philippines — The door opened further for a possible pause in the tightening cycle of the Bangko Sentral ng Pilipinas (BSP) as early as next month after inflation cooled to a six-month low of 7.6 percent in March from 8.6 percent in February. ING Bank senior economist Nicholas Mapa said inflation may ease further […]
Read MoreSINGAPORE’S total retail sales in February jumped 12.7 per cent year on year, more than reversing the brief dip in the previous month, data from the Department of Statistics Singapore (SingStat) showed on Wednesday (Apr 5). This brought total retail sales value in February to S$3.6 billion, of which 12.4 per cent was derived from […]
Read MoreTo accord due prominence to the local currency and reduce the Greenback’s dominance, many countries are in the process of exploring the possibility of using their national currencies in trade and other global transactions. As part of the efforts to increase the usage of Khmer Riel, Cambodia is also exploring settlement of international trade in […]
Read MoreMANILA, Philippines — The domestic economy’s growth rate in the final quarter of 2022 was revised downward, per the Philippine Statistics Authority on Wednesday. In a statement, the PSA revised the Philippine economy’s gross domestic product in the fourth quarter to 7.1% from the previous 7.2%. It kept the annual growth rates for 2021 and […]
Read MoreA majority of population in provinces in which National Bank of Cambodia (NBC) had organised riel promotion events have started using the national currency in their daily economic activities compared to the usage of foreign currencies, said a senior NBC official. Last year Chea Serey, NBC’s Deputy Governor, spearheaded a team to promote riel usage […]
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Thailand
