Myanmar’s trade deficit has widened on the back of fluctuations in commodity prices, illegal trade and a weaker currency. In 2016-17, the trade deficit amounted to over US$5.5 billion, up from US$5.4 billion in 2015-16 and US$4.9 billion in 2014-15, according to the statistics released by the Central Statistical Organisation. Among the country’s imports is […]
Read MoreCommuters in Phnom Penh no longer need to pick up a phone to call a taxi or flag down a tuk-tuk or a moto in the street. Thanks to a range of new ride-hailing apps, Phnom Penh residents with a mobile phone and an internet connection are always within a few minutes of their next […]
Read MoreEven though Laos’ special and specific economic zones (SEZs) play a significant role in driving economic growth, revenue generated from the sector has failed to meet the set target. Authorities planned to collect US$7.34 million through tax obligations and dividends from government share holdings in the SEZs for 2017, according to the latest report from […]
Read MoreHANOI — Standard Chartered Bank (SCB) on Friday increased its forecast for Vietnam’s GDP growth rate for the whole year to 6.8 per cent, higher than the Government’s set target of 6.7 per cent. This is the highest forecast in the past nine years. The bank also predicted growth rate of 6.8 per cent for next year, increasing from its […]
Read MoreMANILA, Philippines — Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said the country’s economic outlook remains promising amid the meaningful reforms implemented by authorities over the past two decades. “The Philippines is recognized as one of the fastest growing and most resilient economies in the region and the world, enjoying a sweet spot of […]
Read MoreTHERE seems to be more buzz in the Singapore hotel investment market lately, as potential buyers – mostly foreigners – scout for properties in a sector where assets are tightly held. No major hotel transactions have been sealed since 2015, but investment sentiment seems to be waking up with the anticipated rise in visitor arrivals […]
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Thailand
