Cambodia as a member of the six-nation Greater Mekong Sub-region (GMS) endorsed a five-year action plan framework that includes $64 billion in projects to help the sub-region achieve inclusive growth and sustainable development. Ministers at the 22nd GMS Ministerial Conference on Friday celebrated 25 years of economic cooperation, acknowledging the achievements of an Asian Development […]
Read MoreInflation stayed at modest levels last month, though the cost of some services – including healthcare and education – continued to creep up. The trend is likely to persist, with the tepid job market and subdued economic environment expected to keep prices in check over the rest of the year. The consumer price index – […]
Read MoreHANOI — The Trans-Pacific Partnership nations have made progress toward a new free trade agreement slated for November following the US withdrawal from the pact, according to Japanese chief negotiator of the Trans-Pacific Partnership Kazuyoshi Umemoto. Umemoto was quoted by Japanese news agency Kyodo as saying so to the press on September 22 after two […]
Read MoreThe Bank of Thailand has coordinated with the Finance Ministry on probing a commercial bank that reportedly helps customers avoid paying the compulsory 15% withholding tax deducted from deposit interest income. “The Bank of Thailand acknowledges such undesirable behaviour was committed by a commercial bank and is looking into the incident to see if it […]
Read MoreASEAN countries, with their enormous demand for infrastructure investments, should capitalise on China’s Belt and Road Initiative (BRI), business leaders from the ASEAN region urged. But there is a necessity to align the BRI with the ASEAN blueprint, and ASEAN needs to iron out the problems derived from the tension between Japan’s involvement in ASEAN […]
Read MoreMANILA, Philippines — The Philippines needs a strong fiscal performance to keep the pace of the country’s economic expansion similar to that in the second quarter, according to Dutch financial giant ING Bank. “A strong fiscal performance is needed to keep gross domestic product growth at around 6.5 percent in the third quarter,” ING Bank […]
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