Hi Globe readers,
Today is the last weekly newsletter for July and we will not wait to see what August has in store for us.
In the meantime, let’s move on to the newest features. The week began with the expected victory of the ruling Cambodian People’s Party (CPP) in Sunday’s general election. Just a couple of days later, Prime Minister Hun Sen, who had been the country’s paramount leader for 38 years, announced that he would soon hand over the office to his eldest son, Hun Manet.
During Hun Sen’s nearly 4 many years of leadership, each the country and the region urbanized rapidly. However, the rapid development of urban areas has often led to areas of poverty being missed in the town landscape. Recent research shows how a holistic approach to improving informal settlements could increase countries’ GDP by as much as 10.5%.
Optimistic reports are also coming from the Asian Development Bank and economic experts who consider that the region remains to be coping with the rising cost of living and rising inflation. The region can also be adapting its crisis response techniques to escalating global natural disasters, which particularly affect the Asia-Pacific region.
It’s all for today. Have a pleasant weekend and revel in the features below.
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