The cost of imported household goods surged by 15-50 percent in April compared to the figure recorded in January, according to a recent study. Conducted by the Ministry of Industry and Commerce, the research paper attributed the price rise to the continuing depreciation of the kip and higher transport costs, triggered by skyrocketing fuel prices. […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) expects the Philippine economy returning to its pre-pandemic growth level in 2024 after closing the output gap arising from the impact of the pandemic by next year. IMF resident representative Ragnar Gudmundsson said in an email that the Philippines has shown signs of economic recovery from the […]
Read MoreAcademics warn that metaverse land prices could face a bubble after surging by 300 times in two years. The Bank of Thailand’s Puey Ungphakorn Institution for Economic Research collaborated with Chulalongkorn University on a paper titled “Is Metaverse Land a Good Investment? It Depends on Your Unit of Account”. The two institutes held a discussion […]
Read MoreVietnam can become the second largest digital economy in Southeast Asia in 2025, while the country’s e-commerce market will draw more large-scale businesses, forecast experts at an online seminar in Ho Chi Minh City on April 20. They also said that online businesses will involve more economic sectors and more big players in the time […]
Read MoreThe government has identified automotive and electronics as priority sectors for promoting Cambodia’s participation in the global value chain and promoting economic diversification and, in particular, economic recovery, says Aun Pornmoniroth, Minister of Economy and Finance and Chairman of the Economic and Financial Policy Committee The Ministry of Economy and Finance held a meeting to […]
Read MoreMANILA, Philippines — The rise of the tourism sector’s contribution to the Philippine economy in 2021 helped the country rank as the world’s fourth fastest-growing economy last year. This was stressed by World Travel and Tourism Council President Julia Simpson at a press conference on the first day of the global summit being hosted by […]
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