Recovery in CLMV countries will be slow and choppy, with binary risks, conditional on containing a “second wave” said Maybank Kim Eng in a report on Monday. Analysts Linda Liu and Chua Hak Bin maintained VIetnam’s GDP growth at +2.9 per cent for 2020 but lowered their forecasts for Cambodia, Myanmar, and Laos. Cambodia specifically […]
Read MoreA new Special Economic Zone project in Vang Vieng has reported progress in its feasibility study and socio-economic impact studies. The project, which will cover some 7,000 hectares, lies to the west of the Xong River. According to a report by KPL News, Chinese investor Lao-Vang Vieng New Area Development Company has spent two years undertaking […]
Read MoreTourism operators are urging the government to engage in a dialogue with protesters without triggering another coup, as that would bury the economy. Chairat Trirattanajarasporn, president of the Tourism Council of Thailand, said any political upheaval affects tourist sentiment, even with travel restrictions banning most foreign arrivals. “If the situation’s gone too far, I am […]
Read MoreCambodia performs better at global commitment to reduce inequality, despite COVID-19, according to a report on Oxfam in Cambodia Policy. For months on end, governments worldwide have shown their commitment in tackling the crippling effects of the pandemic. Their commitment has been demonstrated by the allocation of additional resources to assist sectors and vulnerable groups […]
Read MoreKUALA LUMPUR: Malaysia stands to benefit from a potential inflow of investments as multinational companies (MNCs) are accelerating their decisions to optimise their business models and seek “high-value, high-impact” central operating models in strategic locations. According to Ernst and Young’s (EY) latest investor guide, “KL calling: dynamic, digital, diverse”, Kuala Lumpur is gaining global investors’ […]
Read MoreThe country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021. The International Monetary Fund (IMF) has revised down its forecast for Vietnam’s GDP growth to 1.6% in 2020 from a previous estimate of 2.7% in June. Vietnam, however, remains […]
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