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EU slashes growth forecasts over higher U.S. tariffs, uncertainty
AKP Phnom Penh, the May 20, 2025— The European Commission on Monday sharply downgraded its economic growth outlook for the European Union (EU), citing the impacts of higher U.S. tariffs and persistent uncertainty. In its Spring 2025 Economic Forecast, the commission cut its projections for real...
HCM City secures 6 bln USD deal for green energy, oil refinery projects
AKP Phnom Penh, May 20, 2025 — A landmark 6 billion USD investment agreement was signed in Ho Chi Minh City on May 19, uniting Vietnam’s KOGI Group, Japan’s Mazda Oil Corporation, and several Middle Eastern conglomerates in an effort to bolster green industrial production and energy infrastructur...
Tourism Revenue Tops 1 Trillion Baht in Early 2025
AKP Phnom Penh, May 20, 2025 — Thailand has reported strong growth in tourism revenue during the first four and a half months of 2025, driven by a surge in visitors from long-haul markets such as Europe and Russia. Government data released today (May 19) shows total tourism revenue reached more t...
Thailand, Google Discuss Digital Investment
AKP Phnom Penh, May 20, 2025 — Commerce Minister Pichai Naripthaphan recently met with Google executives in Jeju, South Korea, during the APEC Ministers Responsible for Trade (MRT) meeting to discuss expanding digital investment in Thailand and raising concerns about the impact of U.S. tax polici...
Iran summons British envoy over detention of nationals, anti-Tehran accusations
AKP Phnom Penh, the May 20,2025-- Iran's foreign ministry on Sunday summoned the British charge d'affaires to protest "suspicious and unjustified" arrests of several Iranians in Britain on "false" charges and "unrealistic" accusations against Tehran. In the absence of the British ambassador, the...
Norwegian PM advocates continued engagement with China on trade, global issues
AKP Phnom Penh, the May 20, 2025-- Norwegian Prime Minister Jonas Gahr Store said on Monday that Norway seeks to continue developing bilateral trade with China and engage in cooperation on major global issues such as artificial intelligence (AI) governance and climate change. Store made the rema...
Trump's tax-cut bill passes Congress committee vote
AKP Phnom Penh, the May 20, 2025-- U.S. President Donald Trump's tax-cut bill passed a key congressional committee vote on Sunday, paving the way for a chamber-wide vote. The bill passed in a 17-16 vote along party lines, with four Republican conservatives at the House Budget Committee, who had...
Egyptian president urges immediate Gaza ceasefire during meeting with U.S. official
AKP Phnom Penh, the May 19, 2025-- Egyptian President Abdel-Fattah al-Sisi on Sunday called for reaching an immediate ceasefire in the Gaza Strip and facilitating the flow of humanitarian aid into the war-torn enclave during a meeting with a visiting U.S. official. Sisi made the appeal in Cairo...
Iran's president says agreement possible if U.S. stops coercion
AKP Phnom Penh, the May 19, 2025-- Iran's President Masoud Pezeshkian said on Sunday that reaching an agreement with the United States is possible if it refrains from applying coercion on Tehran. Pezeshkian made the remarks in a meeting with visiting Qatari Prime Minister and Foreign Minister Sh...
Global hunger worsened in 2024, affecting 295 mln people: UN report
AKP Phnom Penh, the May 19, 2025-- Global food insecurity and malnutrition continued to worsen in 2024, with 295 million people suffering from acute hunger across 53 countries, the United Nations Food and Agriculture Organization (FAO) and its partners said in a report released on Friday. The fi...
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