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Indonesia: Oil lifting decline continues in first quarter

Indonesia’s oil lifting, the colloquial term for ready-to-sell production, fell by 6.6 percent to 750,600 barrels of oil per day (bopd) throughout the first quarter because of a natural decline of reserves at various fields across the country. Meanwhile, gas lifting fell slightly by 0.08 percent to 1.13 million barrels of oil equivalent per day (boepd) within […]

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Lao PDR Continues To Maintain Growth Momentum In 2018 and 2019- ADB

(KPL) Lao People’s Democratic Republic’s economic growth is likely to be sustained this year and accelerate in 2019, while inflation will edge up, says a new Asian Development Bank (ADB) report on Apr 11, 2018. In ADB’s flagship annual economic publication, Asian Development Outlook (AOD) 2018, ADB forecasts gross domestic product (GDP) growth for the Lao PDR to reach 6.8 […]

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Tax harmonisation in Asean: Singapore should take the lead

ESTABLISHING the Asean Economic Community (AEC) after years in the making was a significant milestone for the regional economic integration agenda. The AEC was designed to eventually create a single regional market and production base by facilitating a freer flow of goods, services, investment, capital and skilled labour among member nations. The reduction in trade […]

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Southeast Asia: Export Boom Continues

Southeast Asian nations are benefiting from the return of global growth, with more room to grow capacity and exports—even as wages trend upward. Exports are booming for many of the 10 members of the Association of Southeast Asian Nations (ASEAN). The bloc is now the sixth largest economy in the world, with a combined GDP […]

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