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Cambodia: ADB issues guide to local bond market

Aiming to inject momentum into their nascent debt markets, the Asian Development Bank (ADB) released yesterday bond market guides for Cambodia and Myanmar. Titled ‘ASEAN+3 bond market guide’, the publications provide practical and detailed information on the investment climate, rules, laws, opportunities, and characteristics of the bond markets of the two Southeast Asian countries. Yasuyuki […]

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Thailand: Inflation forecast raised on wage hike

The government has raised its forecast for the country’s inflation rate this year to 0.7-1.7% from 0.6-1.6% as an improving economy and daily minimum wage hike are expected to push up consumer prices. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the rates will also be boosted by a growing global economy, […]

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Opportunities for Malaysia to develop maritime economy

KUALA LUMPUR: Malaysia has the opportunities to further develop its maritime economy, with the support of numerous shipyards, ports and terminals, in addition to a prime geographic location. Nazery Khalid, honorary secretary of the Association of Marine Industries Malaysia and head of planning and development, Boustead Heavy Industries Corp , said there were still opportunities for maritime […]

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Philippines: Inflation likely hit high end of target

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said inflation last month could have touched the higher end of the two to four percent target as prices of petroleum products and other consumer goods went up following the implementation of the tax reform law. The central bank’s Department of Economic Research said inflation in […]

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Cambodia: RAM maintains poor ratings

Malaysian credit rating agency RAM reaffirmed Cambodia’s poor ratings on the global and Asean scales, pointing to the country’s poor business environment and weak institutional capacity. The ratings – ‘gB1(pi)/stable/gNP(pi)’ on the global scale and ‘seaBB3(pi)/stable/seaNP(pi)’ on the Asean scale – mean the country is facing a lack of development, coupled with a poor business […]

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