SINGAPORE – Singapore’s economy is likely to continue facing headwinds into 2020, seeing lacklustre activity over the next 18 months, said the Monetary Authority of Singapore (MAS) on Wednesday (Oct 30). Growth will be uneven across industries, with “significant uncertainties” for the trade-related cluster, the central bank added in its twice-yearly macroeconomic review. Part of […]
Read MoreMyanmar will boost efforts to seek more foreign investments in the resource sector in 2020. Due to the refugee crisis in Rakhine over the past two years, some western countries have been hesitant to invest in the country. To address this, the government launched a 20-year Myanmar Investment Promotion Plan (MIPP) with a “Look East […]
Read MoreWilmar Myanmar and its partners, National Infrastructure Holdings Co, First Top Group and Riceland International, on Sunday announced the opening of a new flour mill and consumer pack edible oil processing plant in Thilawa Special Economic Zone, Yangon. The mill will have the capacity to produce 530 tonnes of wheat flour per day, while the […]
Read MoreThe latest move by the US to suspend benefits under the Generalized System of Preferences (GSP) for Thailand, which comes into effect in six months, is not expected to affect local exporters much, but further trade protectionism by Washington may be on the horizon, say analysts. The US said last Friday it will suspend US$1.3 […]
Read MoreVIENTIANE, Oct. 28 (Xinhua) — Boten Special Economic Zone (SEZ) in northern Laos bordering China is anticipating investment of at least 10 billion U.S. dollars to fully develop the site, according to a zone representative. The zone, some 390 km north of Lao capital Vientiane, borders on Mohan in Yunnan province, China, and is part […]
Read MoreMore than 1,000 business leader, high-level government officials and representatives of private sectors as well as academics and members of civil society from across the region are expected to attend the ASEAN Business and Investment Summit (ABIS) to be held in Bangkok on November 2-3. The summit, which is ASEAN’s premier annual business and investment […]
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