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Malaysia’s economy expands faster at 5.6% in Q1

KUALA LUMPUR: Malaysia’s economy grew at a faster pace of 5.6% in the first quarter ended March 31, 2017, exceeding the consensus of a 4.8% growth, powered by the manufacturing and services sectors. Bank Negara Malaysia (BNM) said on Friday that growth, on the expenditure side, was underpinned by an increase in private consumption of […]

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Philippines: Economists keep 2017 growth forecasts

MANILA, Philippines – Economists of investment banks see the country’s gross domestic product (GDP) growth recovering strongly after a weaker-than-expected private consumption resulted to disappointing results in the first quarter of the year. Credit Suisse economist Michael Wan said the surprisingly weak private consumption dragged the GDP growth to 6.4 percent in the first quarter […]

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Myanmar: Rejoining Asia’s rice bowls

Rice is one of the major sectors prioritised by the Myanmar National Export Strategy. The Strategy was designed to fuel the country’s sustainable development through export promotion and was first launched in March 2015 under the previous administration. At one time, the country was the top rice exporter internationally until the Second World War. Subsequently, […]

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Bank Indonesia Predicts 5.1 Percent Growth

TEMPO.CO, Jakarta – The Governor of Bank Indonesia Agus Martowarojo has predicted 5.1 percent growth in the second quarter of 2017. If achieved, he said, the second and third quarter may see 5.2 percent growth. “The first quarter also grew higher compared to the previous one,” he said after the meeting of Bank Indonesia Governor […]

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Thailand: BJC keen on CLMV production partners

SET-listed Berli Jucker Plc, owner of Big C Supercenter Plc, says it is open to partnerships with other suppliers to make products for markets in Cambodia, Laos, Myanmar and Vietnam (CLMV). Aswin Techajareonvikul, BJC’s chief executive, said the company will put efforts into strengthening its manufacturing business by partnering with other producers to meed demand […]

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