Hanoi (VNA) – Cambodia’s poverty rate could nearly double to 17.6 percent and unemployment could rise to 4.8 percent, according to a policy brief that assesses the socio-economic impact of COVID-19 in Cambodia released by the UN Development Programme (UNDP) on October 8. It was launched through careful consultation with the Cambodian Ministry of Economy and Fiance (MEF) and other partners. The impact assessment uses three models to measure impact and model scenarios that can mitigate further risks resulting from the pandemic. The assessment estimates that economic growth could contract from an original 6.5 percent for 2020 to minus 4.1 percent. Under this scenario, the poverty rate and unemployment are forecast to surge to 17.6 percent and 4.8 percent, respectively. Cambodia’s poverty rate fell significantly to 10 percent last year from 53.2 percent in 2004. A social protection stimulus of 3.5 percent of GDP would limit GDP contraction to minus 3.3 percent and … [Read more...] about Cambodia’s poverty rate to double to 17.6 pct due to COVID-19: UNDP
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To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
The 259th case, 41 years old, is the wife of Patient 254. From April 3-6, she traveled to a number of other localities to sell flowers and buy necessities. After her husband’s sample on April 9 tested positive for the SARS-CoV-2 that causes the disease, she was quarantined a day later. Her sample also tested positive for the virus on April 11. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia on April 13
According to economists, digital transformation will be a key part to help businesses thrive in the post-pandemic period. KPIBSC is digital transformation platform focusing on strategy and performance with the power of AI and big data, combining business processes from planning, executing and measuring to reporting with functions of strategy, performance, task, workflow process, human resource, customer and financial management. … [Read more...] about KPIBSC focuses on strategy, performance
At the event The organization board also awarded minor titles, such as Miss Tourism to Phan Le Hoang An, Miss Ao Dai to Ngo My Hai, Best Traditional costume of ethnic minority to Dao Hoang Anh, Miss Eco to Phan Le Hoang Anh, Miss Talent to Bui Thi Thanh Thuy, Miss Photogenic to Dang Thanh Ngan, Best Answer to Bui Minh Anh, Best Body to Le Thi Thu Tam, Most Favorite Candidate to Nguyen Dang Trieu, Beautiful Face to Hoang Thi Ngoc Nhi, Miss Friendly to Bui Minh Anh and Beauty with a Purpose to Le Phuong Tuyet. … [Read more...] about No first prize awarded at 2020 Miss Tourism Vietnam