The Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 7.1 percent for 2017 and 2018 buoyed by the strong performance of developing economies across Asia and the ongoing recovery of large industrial countries, according to a release yesterday. In an update of its flagship annual economic publication Asian Development Outlook (ADO) […]
Read MoreHANOI — The Asian Development Bank (ADB) has projected the economic growth of Vietnam will be 6.3 per cent this year, taking 0.2 percentage points off from the previous forecast. This is followed by a projected growth of 6.5 per cent in 2018. However, the Vietnamese economy continued to perform well despite several setbacks, the […]
Read MoreThe Bank of Thailand has come under criticism on the social media for publishing the names of the country’s five largest banks in the Royal Gazette. The central bank’s intention was to underscore the importance to the economy of Bangkok Bank, Krung Thai, Kasikornbank, Siam Commercial Bank and Bank of Ayudhya. As such, it said, […]
Read MoreINDIA has formed a Myanmar chamber of commerce in Yangon to boost trade and forge closer economic ties with the country. The move follows Indian Prime Minister Narendra Modi’s visit here on September 5-7 and also comes after India imposed import restrictions on Myanmar’s pulses and beans last month. Currently, trade between the two countries […]
Read MoreMotorists in Laos will need to pay more than double the usual road tax this year depending on the size of their engine and vehicle type. Enforcement of the fees is expected to begin next month after it was postponed from August to await consideration by the National Assembly and approval by the President. The […]
Read MorePETALING JAYA: Malaysia has been ranked the 23rd best economy out of out of 137 countries, two spots up from the 25th-place ranking last year in terms of global competitiveness. According to data from the World Economic Forum’s Global Competitiveness Report 2017-2018, Malaysia is the region’s top emerging economy, ahead of countries such as China […]
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