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NEWS UPDATES Asean Affairs   September 21, 2018  






PM calls for Kingdom to diversify economy

Prime minister Hun Sen said that the Kingdom needs to speed up the diversification of its economy and maintain macro-economic stability.

“Our economic growth cannot depend on only one sector. [We] must rely on multiple sectors to avoid [vulnerability] and to [strengthen] our resiliency from external crises,” Hun Sen said during a talk on Wednesday with more than 27,400 garment workers in Kampong Speu province.

The premier raised the example of Venezuela’s economy being vulnerable because it relies mainly on oil exports. Hun Sen praised Cambodia’s economic and political stability for helping the country maintain a low inflation rate and maintain its purchasing power.

Hun Sen compared the effect of an economic crisis in battle terms: “A bomb can kill a group of people or a village, but if an economic bomb explodes, it destroys people across the whole country.”



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ASEAN  ANALYSIS

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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