After the world faced the Covid-19 pandemic, the world economy keep shrinking. In addition, the invasion of Russia-Ukraine driving a high inflation hike to 13% and low growth is soaring energy bills. The Bank of England has announced that the interest rates rose to 0.50% which reaches 1.75%, this rate is the highest rise in 27 years. After that, the Bank of England warned the UK will get into a recession, the economy will be shrink in the last 3 months of this year and keep shrinking until the end of 2023.           On the next day, after the Bank of England warned that the UK will into recession, it will spend time on 5 quarters (2022 – 2023), the Pound depreciated to 0.25% which reach 1.213 dollars, and depreciation to 0.12% which reach 0.843 euro.           Moreover, the Bank of England forecasted that the level of inflation will hit 13.3% in October 2022, and in 2023 the inflation rate still is high for a whole year,

          Trading Economics reported the inflation rate in Laos hit 23.6% year-on-year in June, the highest since May 2000, establishing a surge in energy and consumer goods prices. The residents are struggling to challenge dizzying increases in the price of petrol, cooking oil, and other basic necessities. Furthermore, the Vientiane Times reported that the cost of living rose significantly including the cost of food, seasonings, non-alcoholic beverages, clothes, footwear, medicine, construction equipment, vehicles, spare parts, and other imported goods whereas the many low-income earners striving to afford basic necessities. According to the Lao Statistics Bureau, the highest surge in consumer prices in June this year was recorded in the communications and transport category, at 55.5 percent year-on-year.           In addition,  the smaller economies in which Laos has one of the highest inflation rates in the region, soaring fuel prices, and significant currency depreciation against the US dollar are creating pressure on inflation, particularly in Laos and Myanmar. The fuel price crisis has been possibly the most visible indicator of economic crisis, with

          On 18th July 2022, the local correspondent reported that The Central Bank of Myanmar ordered companies and individual borrowers to suspend repayment of foreign loans, the latest procedure to prevent the nation’s decreasing foreign exchange reserves in order to prevent the reducting of International Reserves which to prevent the MMK capital flight, prevent the currency fluctuation, and sustain the financial stability of International Reserves.             Since Myanmar’s economy has been suffering from cash shortages for over a year, sharp increases in the prices of consumer goods, and a rapidly depreciated Myanmar Kyat (MMK) together with appreciated USD. Myanmar’s military regime tightened foreign exchange rules after the nation’s currency lost one-third of its value against the dollar after the coup triggered a freeze on parts of the foreign reserves held in the US and suspension of multilateral assistance, both key sources of foreign currency supplies. While, Most foreign exchange earners are mandated to convert their currencies into kyat at the central bank’s reference rate of 1,850 to a dollar set in

          In the latest report from the Ministry of Commerce in Thailand, compared to the same period in July last year, 2021, was raised by 7.66% in 2022. The report has shown unexpected forecasts from many economic analysts which are only 7.50%. Now, The Thai baht is depreciated to 35.97 per USD (05/07/2022) which has reached the new high Thai baht depreciation record in 16 years, since 2006.           The CPI (The Consumer Price Index in Thailand) is the key way to measure the changes in purchasing trends and inflation. The spike increased in the CPI in the group of Electricity, fuel, and water supply increased by 33.03%, and the group of Energy increased by 39.97% compared to last year. The overall commodities increased by 7.66%.           Moreover, the Russian invasion of Ukraine and the pandemic-related shutdowns in China are the causes of the worldwide energy crisis that led to disruptions in the global supply chain and also leading to all commodities prices.          

          The Minister of Commerce, Pan Sorasak, participated in the discussion on the topic of trade in digital service and stated that the Royal Government sees the digital economy as a new source of growth. Minister Sorasak made the remark at the 2022 Annual Meeting of the World Economic Forum in Davos-Klosters, Switzerland.           The Minister of Commerce, Pan Sorasak, stated that the digital economy will be a new source of Cambodia’s economic growth. Meanwhile, he also committed that there are challenges including the legal framework, not only mechanisms for implementing and coordinating fintech which is computer programs and other technology used to support or enable banking and financial services but also the development of a roadmap for fintech policies.           Minister Sorasak added that for the purpose of promoting innovation and open trade in services in the digital sector, the Royal Government of Cambodia will take the actions by the following; established the Digital Economy and Business Committee of Cambodia implemented the Digital Government Policy of Cambodia