Cambodia planning $100 million in bond issue
The move aims to raise additional funds through the capital market to support public investment projects, while also repaying the principal and interest of previous issuances.
Economy
Nearly 100 onion traders in Bangladesh fined over Tk 4 lakh for inflating prices
Per kilogramme prices had increased by as much as Tk 100 overnight on December 9 as traders began stockpiling a day after news broke that India has banned the vegetable's export…
Philippines tipped to be Southeast Asia’s growth leader
The Asian Development Bank’s update of its Asian Development Outlook also showed that developing Asian economies overall are now expected to grow by 4.9 percent in 2023.
Economic outlook negative in Bangladesh, Maldives among Asia-Pacific nations: Fitch
According to Fitch, high borrowing costs and mostly modest fiscal deficit reductions will cause debt ratios to rise in 2024 in about half of the APAC sovereigns despite solid…
Wage gap between small and large firms persist as youth avoid jobs at SMEs: data
A recent survey involving 1,000 young people between October 20 and November 1, revealed that the average expected monthly salary among individuals employed at SMEs was 3.23…
Soaring demand and falling yields propel large cardamom price to double
Nirmal Bhattarai, president of Large Cardamom Entrepreneurs’ Association of Nepal, said that Nepal’s large cardamom output has dropped by 60 percent year-on-year due to…
Russian governor in Pyongyang for talks on economic ties
The Russian delegation has been in Pyongyang since December 11, with Kozhemyako telling a Russian outlet last month he would speak with the North Korean side about joint projects…
Marcos sets water infrastructure deadline amid El Niño
The El Niño phenomenon, along with the impact of high interest rates, has prompted the government to give up on hitting 8-percent economic growth, the upper end of its target…
Old potato prices firm despite arrival of new crops
Water accumulated in the potato fields due to excessive rainfall, where farmers sowed seeds for the season, many of the newly grown seed potatoes went rotten, so farmers did not…
ADB projects Pacific economy to expand in 2023, 2024
Recovery in tourism and spending on infrastructure have continued to drive Pacific economies, and the subregion is expected to grow by 2.9 per cent in 2024.