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Chinese investment in Laos tops US$16 billion

China continues to be the largest investor in Laos, with cumulative investment of about US$16.4 billion in 833 projects, according to the Minister of Planning and Investment, Mr Khamjane Vongphosy. Areas of Chinese investment are diverse, with the country ploughing money into small, medium and large enterprises, state-owned enterprises, and private companies. A large chunk […]

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Philippines: BSP cautioned not to overdo rate hikes

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has been cautioned not to overdo rate hikes, as Moody’s Analytics and Fitch Solutions Country Risk & Industry Research expect monetary authorities to further raise key interest rates until the end of the year. Sonia Zhu, associate economist at Moody’s Analytics, said that hiking interest rates […]

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