Logo of Phnom Penh Post newspaper Phnom Penh Post - New Briefs: Asia Pacific Leads

New Briefs: Asia Pacific Leads

New Briefs: Asia Pacific Leads

MANILA, Philippines (AP) - The Asia-Pacific region will continue to post Robust economic

growth this year and next while the rest of the world crawls out of a slump, the

Asian Development Bank said in a report released Friday.

"Despite a number of uncertainties, the world economy is expected to register

marginal improvement in 1993 with further acceleration in 1994," the bank report

said.

The report, "Asian Development outlook 1993," said gross national product

is projected to grow by 1.5 percent in 1993, and rise to 3.5 percent next year.

But the higher growth rate in 1994 "will be insufficient to reduce high unemploment

rates and excess capacity in many economies," the report said.

MOST VIEWED

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Actress’s NGO takes heat for promoting the ruling party

    An actress’s NGO which participated in an election campaign event contrary to the Law on Association and Non-Governmental Organisations (Lango) has been slammed. Chorn Chanleakena, a celebrity and the president of the Association of Artists Volunteering to Help Society, allegedly led its members in

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not