The World Bank has classified Laos as a lower-middle-income economy in its latest classification for the 2020 fiscal year. The bank classifies the world’s economies into four income groups, namely high, upper-middle, lower-middle, and low, based on Gross National Income (GNI) per capita in U.S. dollars. Lower middle-income economies are those with a GNI per capita between USD 1,026 […]
Read MoreThe Ministry of Electricity and Energy (MOEE) says a feasibility study will be conducted as soon as possible on a proposal for Myanmar to purchase electricity from China. This was revealed by MOEE Deputy Permanent Secretary U Soe Myint to the Myanmar Times on Monday. An agreement to conduct a study for a China-Myanmar cross-border […]
Read MoreOUTSIDE China, Thailand has the largest number of patients infected by the novel coronavirus. Unfortunately, the export-reliant US$500bil economy, South-East Asia’s second-largest, was sickly even before the outbreak of the pneumonia-like illness. That reflects simultaneous blows from the Sino-US trade war, the worst drought in decades and a stubbornly strong currency. Add in Beijing’s newly […]
Read MoreIT’S an unfortunate start to Visit Malaysia Year 2020 with the outbreak of the coronavirus putting a tumble to travelling, and it’s a tad more ominous that mainland China tourists have been our key market. The Chinese government has already placed its faith in Malaysia by launching the Malaysia-China Year of Culture and Tourism 2020 […]
Read MoreAs of 2019, Cambodia has in total 54 Special Economic Zones, according to the Council for the Development of Cambodia. In 2019, the exports from Cambodia’s Special Economic Zones were US$2,688 million, up 27 percent compared to 2018, continued the source. Specifically for Phnom Penh Special Economic Zone encompassing 353 hectares of land surface, it […]
Read MoreThe Hanoitimes – The Vietnamese manufacturing sector looks set to be a star performer again in 2020, helping to support impressive growth in the wider economy, said Andrew Harker, associate director at IHS Markit. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) remained above the 50.0 neutral mark in January, posting 50.6 following a reading […]
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Thailand
