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Competitiveness, diversification plan underway, says IMF

Publication date 13 October 2019 | 22:27 | ICT

The government is proactively addressing economic risks and uncertainties through a structural reform plan aimed at improving competitiveness and diversification, International Monetary Fund (IMF) senior economist Jarkko Turunen said on



  • Hanwha set to show defence technologies at US exposition

    Publication date 13 October 2019 | 21:30 | ICT

    Hanwha Group’s defence units will showcase their latest technologies at North America’s largest land-power exposition in Washington this week, the company said on Sunday.

  • Ministry: Moody’s review of Vietnam’s Ba3 rating improper

    Publication date 13 October 2019 | 21:29 | ICT

    The Vietnamese Ministry of Finance on Thursday said Moody’s Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on a government obligation was improper as the government has

  • WEF: East Asia, Pacific the world’s most competitive regional economy

    Publication date 13 October 2019 | 21:27 | ICT

    The economies of East Asia and the Pacific together outperformed other regions of the world with the highest median score, topped off by Singapore which stood as the world’s most competitive economy, according to the World Economic

  • World Bank: Challenges facing the Kingdom

    Publication date 10 October 2019 | 21:54 | ICT

    Cambodia’s economy currently faces challenges including credit growth in the construction and real estate sectors, rising indebtedness and the possible withdrawal of the EU’s Everything But Arms (EBA) agreement, said the World Bank

  • SK, Japan set to discuss export controls at WTO

    Publication date 10 October 2019 | 21:53 | ICT

    South Korea and Japan are slated to have bilateral consultations in Geneva on Friday, a first step toward resolving a trade dispute triggered by Japan’s export restrictions, officials said on Thursday.

  • EU removes Switzerland, UAE from tax-haven list

    Publication date 10 October 2019 | 21:52 | ICT

    The EU removed Switzerland and the UAE from its list of tax havens on Thursday, giving two global hubs for multinational tax schemes the all clear.

  • CDC approves $22.5B in projects over 44 months

    Publication date 10 October 2019 | 21:52 | ICT

    Cambodia approved a total of 831 investment projects worth more than $22.56 billion between January 2016 and August this year, according to data released on Thursday by the Council for the Development of Cambodia (CDC).

  • OECD publishes idea for ‘unified approach’ to tax digital giants

    Publication date 10 October 2019 | 21:48 | ICT

    The Organisation for Economic Cooperation and Development (OECD) on Wednesday published its suggestions for a “unified approach” on fairly taxing digital giants to break a deadlock in a dispute that has raised tensions between the U

  • Geely, Volvo Cars to merge engine operations

    Publication date 10 October 2019 | 21:47 | ICT

    China's Geely Auto and Sweden’s Volvo Cars are planning to merge their engine operations into a stand-alone business unit, which will pool resources to create greater synergy between them and facilitate their electrification campaig

  • Thomas Cook dismantled

    Publication date 10 October 2019 | 21:45 | ICT

    Britain kicked off on Wednesday the dismantling of Thomas Cook, with the sale of all 555 UK stores to a smaller rival of the collapsed holiday giant.