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NEWS UPDATES Asean Affairs     30 June  2016  

Hun Sen sees the signs of a strong economy

Cambodia's economy will grow 7.1 per cent in 2016 while per capita income will reach $1,301 this year, Prime Minister Hun Sen said yesterday.

“The use of local goods has surged thanks to local and foreign direct investment, which creates jobs and income for our people,” he said at the 65th founding anniversary of the ruling Cambodian People’s Party (CPP).

Hun Sen highlighted the low rate of inflation, which stayed below 1.9 per cent, while foreign currency reserves increased to about $5.45 billion – enough to sustain imports for four months.

He noted that Cambodian customs revenues topped $763 million during the first five months of the year, a 22 per cent increase over the same time a year earlier.

Meanwhile, tax revenues during the first five months of 2016 grew by 21 per cent to $708 million.--The Phnom Penh Post

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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