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Myanmar: Supporting SMEs, manufacturing locally and operating in underdeveloped areas criteria for FDI approval, official says

A top official from the Ministry of Commerce told an audience of foreign investors and businesses that foreign investments should be able to support SMEs, manufacture products in Myanmar and operate in underdeveloped areas. Those are the criteria upon which the government will approve or reject foreign investment proposals. The government will scrutinise every foreign […]

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Malaysia: Visionary push for another corridor

MALAYSIA is increasingly sounding like a country of economic corridors. And going by size, the latest inclusion in the corridor list is no small deal. Called the Malaysia Vision Valley (MVV), it will span 379,000 acres, or twice the size of Singapore, and is focused on a variety of industries, including healthcare, education and tourism. […]

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Cambodia: PM: Economy is resilient

The Cambodian economy continues to be resilient in the midst of global uncertainty, with a healthy GDP growth of seven percent, and with further prospects for improvement, said Prime Minister Hun Sen in his Khmer New Year address to the nation yesterday. “Despite all the challenges – both internal and external – our economy has […]

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Philippines: Trade deficit widens in Feb

MANILA, Philippines – The country’s trade deficit widened 56.5 percent to $1.728 billion in February from $1.104 billion a year ago  as manufacturing and consumption-related imports outpaced exports during the month, the Philippine Statistics Authority (PSA) said. Imports  grew 20.3 percent to $6.511 billion in February on increased inbound shipments of the following goods: mineral […]

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