VIENTIANE: Laos is set to open a US$6 billion Chinese-built railway on Friday, with debt concerns balanced against hopes it could boost the reclusive nation’s struggling economy. The 414-kilometre route took five years to construct under China’s trillion-dollar Belt and Road Initiative. Analysts have acknowledged the potential economic boost, but have queried how infrastructure-poor Laos […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas downplayed any threats posed by the Omicron variant on the local financial system amid a pick-up in vaccination rates, which is crucial in averting another harsh lockdown that could mess up economic recovery. In an afternoon briefing with reporters on Thursday, BSP Governor Benjamin Diokno said there’s […]
Read MoreHEALTHCARE benefit costs for Singapore employers will likely see a 9 per cent increase come 2022, said Willis Towers Watson on Thursday (Dec 2). Healthcare benefit cost growth in the Republic has been steadily rising in the past few years, advancing 7.7 per cent in 2020 and 8.6 per cent in 2021, according to a […]
Read MoreA gigantic economic recovery and development programme worth nearly $35 billion is expected to drive the economy to a higher level of growth. A gigantic economic recovery and development programme worth nearly $35 billion is expected to drive the economy to a higher level of growth, with focus to be placed on supporting enterprises and […]
Read MoreConcerns over the continuing economic impact of Covid-19, after the emergence of the highly-transmissible Omicron variant, have helped push Cambodia’s stock index down to its lowest close in nearly three years. The drop comes in spite of comments by Prime Minister Hun Sen yesterday that economic growth will accelerate in spite of Omicron. The Cambodia […]
Read MoreLaos recorded a trade deficit of USD 45 million in October with imports and exports totaling USD 819 million. According to information from the Lao Trade Portal, Laos’ exports were USD 387 million in October, while imports totaled USD 432 million, resulting in the lowest trade deficit of the year. Major exports from Laos included copper ore, […]
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