LA PAZ -- The Bolivian government reaffirmed on Friday its commitment to biofuels and its plan to progressively reduce diesel and gasoline subsidies in the South American country.

Adams Hurtado, the country's industrialization and transportation vice minister, said Bolivia has opted for biofuels derived from vegetable sources to reduce import costs, avoid foreign currency outflows and generate savings in subsidies. (Bolivia-Biofuel)

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MANILA -- Personal remittances from overseas Filipinos reached 3.15 billion U.S. dollars in January, recording a year-on-year 2.7 percent increase, the Philippine central bank has said.

The Bangko Sentral ng Pilipinas (BSP) said on Friday night that cash remittances from the United States, Saudi Arabia, the United Arab Emirates, and Singapore contributed mainly to the increase in January. (Philippines-Remittances)

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COLOMBO -- The GDP growth rate of Sri Lanka for the year 2023 was estimated as a 2.3 percent negative growth rate, the Department of Census and Statistics (DCS) said in a statement on Friday.

Overall, agricultural activities expanded by 2.6 percent, while industrial and service activities contracted by 9.2 percent and 0.2 percent, respectively, in the year 2023, the DCS said. (Sri Lanka-Economy)

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PHNOM PENH -- The World Bank has approved an additional 35 million U.S. dollars credit to Cambodia for improving climate-resilient rural roads in three provinces, its press release said on Saturday.

The credit will support the Cambodia Road Connectivity Improvement Project (RCIP), which aims to improve climate-resilient road access to markets, health services, and schools across Kratie, Kampong Cham, and Tboung Khmum provinces. (Cambodia-Road) Enditem

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