Cambodian exports to the European Union have soared in the last six months and are expected to reach more than $1.5 billion by the end of the year. The increase comes from relaxed rules under an EU preferential scheme, the EU said in a statement, as more than 100 Cambodian exporters from various sectors met in hopes of benefiting from preferential trade status.
Cambodia’s economy is lagging behind other Asean countries, making it hard to meet the level of other Asean countries, finance officials said Wednesday. Cambodian and Asean economic officials were meeting in Phnom Penh to push for economic integration for 2015. Hang Chhuon Narong, secretary of state for the Ministry of Finance, said Cambodia was facing inflation of 6.5 percent, which was curbing economic growth
Cambodia’s economy is lagging behind other Asean countries, making it hard to meet the level of other Asean countries, finance officials said Wednesday.
East Asian economies are expected to register their fifth consecutive year of strong growth in 2006, backed up by a substantial decline in poverty, according to the World Bank’s latest East Asia Update, launched on November 14, 2006. But on the horizon, growth rates in Transition Economies and Newly Industrialized Economies are expected to slow, [...]
While East Asian countries have entered the current crisis substantially better prepared than they were for the 1997 Asian financial crisis, none have been spared the full fury of the global economic storm, says the World Bank’s latest six-monthly assessment of the East Asia & Pacific region’s economic health. In the face of weakening export [...]
Asia is a puzzle. China, India and several other countries are enjoying rapid economic growth. Yet some 600 million Asians – more than the entire population of Latin America – live on less than a dollar a day. But this puzzle is also an opportunity: if China and India can sustain their 8-10 percent annual [...]