Tourism revenue soars in Cambodia in 2023
Foreign tourism revenue surged to approximately $3.04 billion, an impressive 115% increase from $1.41 billion in 2022.
Economic Affairs
Retailers wary about government’s cheap food program
The doubts may be due to previous experience with the government when it issued a price ceiling on cooking oil and promised to compensate traders, none of the businesses have…
Nepal sees less than expected decline in poverty
Nepal went through political instability, prolonged load-shedding, earthquakes, introduction of the new federal constitution, the first and second federal elections, and the Covid…
Indonesian rupiah holds firm hours before election
With a BI reference rate of Rp 15,585 on Tuesday, it hit the highest value so far this month just before the election.
Indonesian consumer confidence inches higher ahead of election
The increase in consumer confidence is backed by improving metrics in people’s expectations of current income and job availability.
Marcos contemplating doling out rice instead of cash for government program: Agriculture department executive
The executive explained that the proposal will take out the government program bracket and may spare recipients from the effects of volatile rice market prices since they also buy…
Defaulted loans soar 20.7% in 2023
Defaulted loans now account for 9 percent of all outstanding loans, up from 8.16 percent a year earlier, as per the latest data from the Bangladesh Bank. The slow loan recovery…
China records nearly 5 billion domestic trips in 2023
A total of 4.89 billion domestic trips were made in China in 2023, marking a year-on-year increase of 93 percent, according to statistics released by the Ministry of Culture and…
Rice vanishes from Indonesia’s shelves amid delayed harvest
The National Food Agency, meanwhile, has said that overall rice stocks are adequate as the government has imported around 500,000 tonnes of rice this year.
Indonesia fish exports face headwind amid EU moratorium
“One of the reasons for the export moratorium to the EU is the EU’s inspection recommendation related to quality assurance and safety of fishery products,” Budi Sulistyo,…