Hanoi (VNA) – The World Bank (WB) said inv♍estingin public goods and services such as infrastructure, health and education is vitalfor economic growth in Cambodia.
Infrastructure investment is necessary for any economyto function efficiently, said the WB’s Economic Update report for Cambodia. It is estimated that the country needs about 600million USD per year in infrastructure development and logistics to maintaineconomic growth and boost its competitiveness. Cambodia’s economic growth remains strong, stated thereport, and is expected to hit 6.9 percent in 2017 and 2018, driven by publicspending, garment exports, construction, agriculture and tourism. According to information on public debt announced bythe Cambodian Economy and Finance Ministry, the government signed variouscredit agreements at low interest worth 8.3 billion USD from 1993-2016. Specifically, Cambodia loaned money from China, Japan,the Republic of Korea, France, Thailand, India, Vietnam and Malaysia. The country also borrowed two billion USD from theAsia Development Bank and 794 million USD from the WB.-VNA
The World Bank forecast that Indonesia would grow 5.3 percent and 5.4 percent by 2018 and 2019, respectively, higher than 5.02 percent recorded in 2016.
The World Bank (WB) has approved a 200-million-USD credit to Myanmar through the Development Policy Operation (DPO) programme to help the country maintain a stable growth and reduce poverty.
The World Bank Country Director for South East Asia Ulrich Zachau has praised Thailand for improvement in business facilitation while leading a team of researchers in a recent meeting with Prime Minister Prayut Chan-o-cha.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
Illustrative image (Source: www.phnompenhpost.com) 
