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

  • First Khmer woman to pass out of West Point

    The life of a soldier certainly isn’t for everyone. The training is gruelling, the hours long and there’s no room for excuses. On top of that, soldiers must be ready to respond to sudden threats at a moment’s notice. Just ask Sithyka

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last