Leaders in Borikhamxay province have promised to achieve average annual economic growth of at least 5 percent over the next five years, with income per capita targeted at US$2,800. The goals were set out by the new provincial Party committee led by the province’s Governor, Dr Kongkeo Xaysongkham, who was re-elected as committee Secretary. Member […]
Read MoreThe Finance and Tourism and Sports ministries are preparing to extend and adjust conditions of the We Travel Together tourism campaign until year-end to encourage domestic travel in the final quarter. Launched on July 15, the domestic tourism stimulus policy is part of the government’s effort to spur domestic travel, as foreign tourists are still […]
Read MoreThe Hanoitimes – Vietnam’s 2021 growth is forecast at 11.2%, the highest in the Asia-Pacific region. Vietnam will likely be the second fast-growing economy in Asia-Pacific this year, only behind China, as the Southeast Asian country has emerged as a bright star in containing the Covid-19 pandemic, S&P Global Ratings has forecast in its recent report. […]
Read MoreWHILE the global trend is largely moving towards the adoption of e-payment systems, cash or paper money will still be here to stay – at least in the near to medium term. Cash, which has been around for more than two millenniums, still has its role to play in the economy. Among some of the […]
Read MoreCambodia’s inflation remains low at around 3 percent in the first eight month of this year with a stable exchange rate while the country’s international reserves continue to grow and can ensure up to 10 months of imports of goods and services, according to Chea Chanto, the governor the National Bank of Cambodia (NBC). The […]
Read MoreAn interest rate incompatible with banks’ financial costs is the main reason the Bank of Thailand’s soft loan programme has floundered, according to a source at a state-owned financial institution. The central bank has been offering 500 billion baht in soft loans at 0.01% interest to financial institutions for two years to re-lend to small […]
Read More
Thailand
