SINGAPORE: Emerging Asia’s central banks are expected to opt for supporting their economic recoveries rather than tackling volatile price swings this year. All eight emerging Asian economies, including India and Indonesia, are seen holding benchmark interest rates steady through 2021, according to the median forecasts from Bloomberg surveys of economists. Higher real interest rates will […]
Read MoreTOKYO: Japan’s parliament approved on Wednesday the world’s largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year. The Regional Comprehensive Economic Partnership (RCEP) will create a free trade zone covering about 30% […]
Read MoreMANILA, Philippines — Asian Development Bank (ADB) has raised $1.14 billion from its first gender bond issuance to support its gender equality programs in Asia-Pacific. ADB launched back-to-back gender bonds, raising $596 million from the sale of seven-year bond in the Canadian dollar maple market and $542 million from the sale of 4.5-year bond in […]
Read MoreSINGAPORE – Governments across Asia have pledged ambitious carbon neutrality plans backed by massive stimulus to push for green and sustainable industries. And for good reason, as the stakes are high. Asia has 15 of the world’s 20 most vulnerable cities and crop yields could fall by 7 per cent to 25 per cent over […]
Read MoreAs curfews laid way to lockdowns last week and parts of the capital were designated “red zones” on Monday, the international community is beginning to reassess Cambodia’s economic outlook for 2021. The Economist Intelligence Unit (EIU), a division of well-respected UK weekly publication, The Economist, will probably downgrade Cambodia’s real gross domestic product (GDP) growth forecast […]
Read MoreThe Cambodian Rice Federation (CRF) has appealed for understanding and patience from all stakeholders, especially the buyers, as rice exporters and millers have been facing transport problems due to lockdown. In order to control the spread of COVID-19, the Royal Government of Cambodia has issued a lockdown order on the whole of Phnom Penh capital […]
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