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‘Cambodia to achieve 6.6% GDP growth in 2023’

The Gross Domestic Product (GDP) of Cambodia would grow by 6.6 percent in 2023, a message from Prime Minister Hun Sen said yesterday. “The economy has recovered fast,” Mr Hun Sen said, adding, “thanks to all of the efforts proactively made by the government on its ownership through releasing measures to maintain the balance of […]

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Singapore tourist arrivals rise to 957,605 in February

SINGAPORE’S international visitor arrivals grew to 957,605 in February, setting a new record since the pandemic began, latest figures from the Singapore Tourism Board (STB) showed on Friday (Mar 10). February’s arrival numbers rose from 931,652 in the preceding month, but remained below the 1.7 million visitors recorded in January 2020, before the Covid-19 pandemic. […]

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Thailand: Pricey power bills expected to ease

Electricity bills are expected to decline from May to August as the fuel tariff (Ft) dips following a decrease in the price of liquefied natural gas (LNG), says Energy Minister Supattana­pong Punmeechaow. The Ft is a key component of the power tariff, which has soared since last year, resulting in expensive power bills. “The new power […]

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Despite headwinds, Philippines beats watered-down FDI target in 2022

MANILA, Philippines (Corrected, 11:55 a.m.) — The Philippines exceeded its foreign direct investments target in 2022 despite headwinds and a projected global recession dampening investor sentiment. Data from the Bangko Sentral ng Pilipinas revealed on Friday that FDI amounted to net inflows in 2022, but plunged 23.2% year-on-year to $9.2 billion haul. FDIs represent firmer commitments from foreign investors that generate […]

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