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IMF: Cambodia to be fastest-growing economy in ASEAN by 2025
17/10/2020
The International Monetary Fund (IMF) has projected that Cambodia will be the third-fastest growing economy in ASEAN next year and fastest growing economy in the region by 2025.
WB lowers Malaysia’s 2020 growth forecast to -4.9 pct
14:58 30/09/2020
The World Bank (WB) has revised down Malaysia’s economic growth forecast this year to a contraction of 4.9 percent, from an early estimate of minus 3.1 percent, following a sharper than expected contraction in the second quarter of 2020.
USD180 million ADB loan to improve water supply in Yangon city, Myanmar
10:26 30/09/2020
(CPV) - The Asian Development Bank (ADB) has approved a USD180 million loan to construct a 34-kilometer water transmission system that will help transfer 818 million liters of water a day to Yangon, the largest city in Myanmar.
Malaysia prioritises to help COVID-19 affected SMEs
20:31 29/09/2020
The Malaysian government is committed to continue helping small and medium enterprises (SMEs) along their recovery path in the upcoming Budget 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
10th Mekong-RoK Foreign Ministers’ Meeting held online
17:13 29/09/2020
Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh and Minister of Foreign Affairs of the Republic of Korea (RoK) Kang Kyung Wha co-chaired the 10th Mekong-RoK Foreign Ministers’ Meeting on September 28.
Imrpoving sentiment lifts emerging East Asian bonds
14:50 26/09/2020
(CPV) - Improving global investment sentiment and financial conditions provided a much-needed lift for local currency bond markets in emerging East Asia, despite risks from the coronavirus disease (COVID-19) pandemic, says the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.
Thai economy expected to return to normal in next two years
13:59 26/09/2020
Thailand’s economy is expected to return to normal within two years as the government has tried to mitigate the impact of the COVID-19 pandemic, said Thai Deputy Prime Minister Supattanapong Punmeechaow on September 25.
Cambodia: new solar power plant put into operation
10:16 24/09/2020
A 30MW solar power station located in Krakor district, Pursat province of Cambodia,has been connected to the country’s national grid as it enters its testing and commissioning phase.
Indonesia’s budget deficit hits almost 34 billion USD
15:45 23/09/2020
Indonesia’s state budget deficit had reached 500.5 trillion Rp (33.96 billion USD) by the end of August, equivalent to 3.05 percent of the country’s gross domestic product (GDP), Finance Minister Sri Mulyani Indrawati said on September 22.
Cambodia localities suffer from flooding
15:11 23/09/2020
Torrential rains left by storm Noul has caused severe flooding in a number of localities in Cambodia and forced local authorities to issue emergency state to limit travelling as water level in rivers continues to rise.