Cambodia is to take advantage of the Chengdu Initiative on Tourism Cooperation under the Belt and Road Initiative (BRI) as it can help promote sustainable tourism. The initiative was approved by the World Tourism Organisation of the United Nations (UNWTO) during the body’s 22nd General Assembly in Chengdu, China. The Chengdu Initiative for Belt and […]
Read MoreMANILA (REUTERS) – Developing Asia is on track to grow faster this year and next, the Asian Development Bank said on Tuesday (Sept 26), buoyed by a pick-up in world trade and China’s expansion, but it flagged risks from tightening US monetary policy. Developing Asia is expected to grow by 5.9 and 5.8 per cent […]
Read MoreSINGAPORE – The brightest spot in the Singapore economy continued shining last month as surging global demand for electronics once again helped lift factory output in August. Manufacturing output increased 19.1 per cent year-on-year in August, beating economists’ expectations of a 16 per cent increase and following from a 21 per cent surge in July. […]
Read MoreKUALA LUMPUR: Hong Kong and Malaysia are proving to be the biggest growth surprises in Asia. The two nations received the largest upgrades for this year among major economies in the Asian Development Bank’s latest outlook released on Tuesday. Meanwhile, India received the steepest downgrade. The global trade recovery is helping boost exports in Hong […]
Read MoreGovernment spending must increase to support the current pace of economic growth, Netherlands-based financial institution ING Bank said on Monday. “A strong fiscal performance is needed to keep GDP growth at around 6.5 percent in third quarter,” ING Bank Manila senior economist Joey Cuyegkeng said. Citing the government’s August cash operations report, Cuyugkeng said that […]
Read MoreSPECIALEconomic Zones (SEZs) in Myanmar are considered by the Ministry of Industry as the main pillar of economic development, according to the ministry’s spokesperson. The government aims to boost the growth of manufacturing sector by linking the SEZs and domestic industrial zones. U Ko Ko Lwin, permanent secretary of the Ministry of Industry, said that […]
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Thailand
