THE Philippine government’s debt would decline during the next few years if economic growth is kept above 6 percent and the tax base is expanded, debt watcher Fitch Ratings said. In a report, Fitch said current announcements, such as those made by Finance Secretary Benjamin Diokno, seem to indicate a desire to improve tax administration in […]
Read MoreThe unemployment rate for Cambodia is expected to be at 0.31 percent this year, which is the lowest among all member states of the Association of Southeast Asian Nations (Asean), according to the Asean Information Center. Laos is at the second place with a projected unemployment rate of one percent. The unemployment rate of Myanmar […]
Read MoreThe Federation of Thai Industries (FTI) is assessing the impact on Thai investors in Myanmar after authorities in that country ordered companies there to suspend debt payments for foreign loans. Myanmar’s central bank instructed companies and individual borrowers to suspend paying principal and interest to foreign lenders in a move to slow Myanmar’s decreasing foreign […]
Read MoreMANILA, Philippines — The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices. While the impact of Covid-19 had eased, the region was now grappling with the fallout from Russia’s invasion of Ukraine, […]
Read MoreThe price increases of crude oil and input materials of many industries have led to increases in finished products, putting a burden on businesses and people. On July 12, at a session of the National Financial and Monetary Policy Advisory Board, Deputy Prime Minister Le Minh Khai assigned the Ministry of Finance to join forces […]
Read MoreInflation rose to 7.2 percent in May this year in the country, the highest in the last decade, the National Bank of Cambodia (NBC) said yesterday, adding that it has unleashed a set of measures to control the inflationary pressures and protect the purchasing power of the local currency. Increasing prices of oil and food […]
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