(KPL) United Nations Secretary-General Antonio Guterres said here on Tuesday that the Global Development Initiative (GDI) proposed by Chinese President Xi Jinping helps achieve the Sustainable Development Goals (SDGs), Xinhua’s reported Sept. 20.

(KPL) Economic recovery in the Lao People’s Democratic Republic (Lao PDR) is expected to be slower than forecast in April 2022 on supply disruptions and rising commodity prices that have increased inflationary pressures, according to the Asian Development Bank (ADB) on Sept 21.

(KPL) The Asian Development Bank (ADB) lowered its forecasts for economic growth in developing Asia and the Pacific to 4.3 percent this year amid mounting challenges buffeting the region, according to an outlook report released on Wednesday.

(Xinhua/KPL) China's central bank has signed a memorandum of cooperation with the central bank of Laos on the establishment of renminbi (RMB) clearing arrangements in Laos.

(KPL) The Power Construction Corporation of China – POWERCHINA – is a group of companies owned by the Chinese government. It was established in 2011 by merging 14 electric design and survey, engineering and equipment manufacturing enterprises, formerly affiliated to Sinohydro Group, Hydro China Corporation, State Grid Corporation of China and China Southern Power Grid. POWERCHINA entered the Lao PDR in 1996 with the opening of its representative office. Twenty five years later, the Chinese corporation established its local company in the Southeast Asian country.

(KPL) As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023, the World Bank warned Thursday.

(KPL) The Saudi Arabian energy minister said the decision of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, to reduce oil production is aimed to promote market stability, the Saudi Press Agency (SPA) reported Wednesday.

(KPL) Prices in Italy were 8.4 percent higher in August than they were a year earlier, a level that had not been recorded since December 1985, the country's National Institute of Statistics (ISTAT) reported Wednesday.

(KPL) The New Zealand economy is grappling with headwinds, primarily high inflation and rising interest rates, according to a report by the New Zealand Institute of Economic Research.

(KPL) The cost-of-living crisis in the United Kingdom (UK) could exacerbate social division, furthering the divide between the country's rich and poor, a leading London-based academic has warned, Xinhua reported from LONDON Aug. 25.