Prime Minister Hun Sen yesterday said that the service sector is expected to become Cambodia’s largest by gross domestic product (GDP) composition, replacing industry and agriculture. The Covid-19 pandemic has had a devastating impact on the tourism and travel sector, disrupting businesses across all types of industries. Nearly 1,200 establishments in the tourism industry were […]
Read MoreMANILA, Philippines — The country’s economic growth remained robust in the second quarter, with gross domestic product (GDP) expanding by around six percent, the Bangko Sentral ng Pilipinas (BSP) said. Outgoing BSP Governor Felipe Medalla said in an economic forum that the economy likely expanded by around six percent from April to June this year. […]
Read MoreManufacturers want the government to boost exports despite facing what appears to be an uphill struggle after witnessing a decline in export value over a period of eight consecutive months, according to the latest survey conducted by the Federation of Thai Industries (FTI). Of 210 company executives across 45 industries who were interviewed by the FTI, […]
Read MoreCambodia’s exports to Thailand are growing steadily, a sign of economic growth across all sectors and rising demand for goods, particularly agricultural products. Cambodia exported $480 million worth of goods to Thailand in the first five months of this year, a year-on-year increase of 10 percent, according to a report from the General Department of […]
Read MoreThe decision to cut interest rates took effect earlier last week, as some commercial banks have announced interest rate cuts for both deposits and loans. This is the fourth consecutive interest rate cut since the beginning of the year after three interest rate rises late last year. The move was taken by the State Bank […]
Read MoreMANILA, Philippines — The return of El Niño would have minimal impact on the prices of goods and services, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Francisco Dakila Jr. told reporters that the central bank has yet to include the impact of lower than usual rainfall in the Philippines in the latest […]
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Thailand
