World Bank forecasts 4.5 percent growth for Cambodia in 2022

Cambodia is projected to grow 4.5 percent this year and 5.5 percent in 2023, according to a World Bank report released on January 12.
World Bank forecasts 4.5 percent growth for Cambodia in 2022 ảnh 1Illustrative photo (Source: World Bank)
Hanoi (VNA) – Cambodia is projected to grow 4.5percent this year and 5.5 percent in 2023, according to a World Bank reportreleased on January 12.

The economies of Cambodia, Malaysia, the Philippines andThailand, which depend on tourism, are not expected to recover to previouslevels, the report said.

The appearance of the Omicron variant can disrupt tourismrecovery and increase financial risks, debt, and instability related to natural disasters and climate change, it added.

The World Bank noted that the risk of a recurrence of COVID-19infection could slow down Cambodia’s economic recovery.

Meanwhile, a report by the Asian Development Bank (ADB) said Cambodia's economy will expand around 5.5 percent in 2022 due to the recovery of its tradingpartners.

Cambodian Prime Minister Hun Sen also expected that thecountry will secure a 2022 growth of more than 5 percent due to the export ofagricultural products./.
VNA

See more

Secretary-General of the Association of Southeast Asian Nations (ASEAN) Dr Kao Kim Hourn (R) (Photo: asean.org)

ASEAN chief confident in Malaysia’s chairmanship

Malaysia's priorities for its 2025 chairmanship include strengthening ASEAN centrality, fostering trust through dialogue, diplomacy, and goodwill, and expanding economic partnerships beyond ASEAN borders.

Malaysia’s foreign direct investment is expected to remain robust in the long term. (Photo: thestar.com.my)

Malaysia expected to remain magnet for FDI

A confluence of factors, including its significance in the global tech supply chain, friendly FDI policies, existing industry clusters, a skilled labour force and extensive free trade agreements (FTAs), makes Malaysia an outperformer in the region

The website of the Anti-Fake News Centre has had nearly 28 million views. (Bangkok Post File Photo)

Thailand to use AI to prevent fake news

The Thai Ministry of Digital Economy and Society said it is cooperating with over 300 agencies to eradicate fake news while looking to use articial intelligence (AI) to verify news reports.

Illustrative image (Photo: https://nationthailand.com)

Nissan to close factory in Thailand

The company expects to cut or transfer about 1,000 jobs in Thailand and stated that reducing operating expenses by around 400 billion JPY (2.62 billion USD) in the 2026 fiscal year will help maintain a stable operating profit margin of 4%.

The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces (Photo: The Nation)

Wildfires rage northern Thailand

The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces, the Region 3 Forest Fire Control Centre said on February 13.

Thailand suspends issuance of gun carrying permits to curb crime

Thailand suspends issuance of gun carrying permits to curb crime

Traisuree said the order was issued because many people in Thailand carry firearms in public places without a sound reason. Some display their firearms in public to intimidate others. Such habits could lead to crime and danger to people’s lives, properties and morale, she said.

Participants pose for a group photo at the 31st ASEAN-China Senior Officials’ Consultation in China's Ningbo city on February 13, 2025. (Photo: https://asean.org/)

China proposes new initiatives of cooperation with ASEAN

The Chinese side reaffirmed its support for ASEAN's community-building efforts and the bloc’s central role in regional affairs, emphasising the priority China places on its relationship with ASEAN as part of its neighbourhood diplomacy.

Malaysian Foreign Minister Seri Mohamad Hasan (right) and his Cuban counterpart Bruno Eduardo Rodriguez Parrilla in Kuala Lumpur on February 13. (Photo: Bernama)

Malaysia, Cuba strengthen bilateral ties

Malaysian Foreign Minister Seri Mohamad Hasan met with his Cuban counterpart Bruno Eduardo Rodriguez Parrilla in Kuala Lumpur on February 13, where discussions focused on enhancing collaboration in trade, health care, education and tourism.