ECONOMIC managers on Monday decided to maintain existing growth targets but adjusted other assumptions for this year up to 2028 following a review of the government’s priorities and developments here and abroad. The gross domestic growth (GDP) goals for 2023 and 2024-2028 were kept at 6.0-7.0 percent and 6.5-8.0 percent, respectively, but that for this […]
Read MoreThe Asian Development Bank last year committed support to Cambodia in several important sectors, including coastal, marine fisheries, power and livestock value chain. Last year, ADB committed $6 billion in financing for Southeast Asia, including $5 billion for sovereign operations and $1 billion in nonsovereign investments, the bank said in its Annual Report 2022. “We […]
Read MoreThailand’s economy is still seen growing at 3.6% this year, the central bank chief said on Monday, in spite of some turbulence in the first half of the year. Bank of Thailand Governor Sethaput Suthiwartnarueput told reporters exports are seen down 7.1% year-on-year in the first half of 2023, before rising 4.2% in the second […]
Read MoreThough the global financial market has seen uncertainties this year, Việt Nam’s currency and foreign exchange markets have remained stable. HÀ NỘI — Though the global financial market has seen uncertainties this year, Việt Nam’s currency and foreign exchange markets have remained stable. According to the Singapore-based United Overseas Bank (UOB), the Vietnamese đồng is one of the most stable […]
Read MoreCambodia’s startup scene remains stable despite its lower global and regional ranking, a leading report analyzing last year’s startup trends, said. The Global Startup Ecosystem Index, created by StartupBlink, is considered the world’s most comprehensive startup ecosystem ranking. Although the nation was globally ranked 103 and seventh regionally, the report says the country offers a […]
Read MoreDue to still elevated food, energy prices MANILA, Philippines — Inflation is expected to remain high this year and could even hit as much as seven percent as prices of food and energy are still elevated. During the Development Budget Coordination Committee (DBCC) briefing yesterday, the economic team jacked up its inflation assumption for this […]
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