The World Bank has cut its growth forecasts for Myanmar, citing that investment demand slowed down as businesses wait for greater clarity of Nay Pyi Taw’s economic agenda. In its latest report released October 4, it cut Myanmar’s growth forecasts by 0.6 percentage points for 2017-18 to 6.4 percent. Growth over the medium-term is also […]
Read More(KPL) Laos’ economic growth is projected to further moderate to 6.7 percent in 2017 as strong exports are weighed down by slowdown in investment, weaker tourism and stronger controls over government spending, World Bank said in its October 2017 edition of the “East Asia and Pacific Economic Update”. An additional 250 mw of power generation […]
Read More[SINGAPORE] There’s a chance the Monetary Authority of Singapore may surprise financial markets by tightening its policy stance this month, according to Pacific Investment Management, a move that could make it among the first central banks in Asia to do so. Economic indicators are pointing to an improved growth outlook in the city state, while […]
Read MoreHCM CITY — Forty foreign institutional investors have joined the race for shares of the Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) at the firm’s initial public offering (IPO). IDICO will auction more than 55.3 million shares or 18.44 per cent of the firm’s charter capital at the IPO for the starting price of […]
Read MoreThe industry body representing Cambodia’s garment sector issued a statement yesterday urging the government to help manufacturers reduce the cost of doing business in order to offset a higher minimum wage and workers benefit package due to come into effect on January 1. The Garment Manufacturers Association in Cambodia (GMAC) urged the government to consider cutting the […]
Read MoreMANILA, Philippines — Tourism receipts grew 14.89 percent in the first six months of the year, driven by higher tourist arrivals, the Department of Tourism (DOT) said. Based on figures released by the DOT on its website, tourism activities generated P146.3 million in total earnings in the first half, higher than the P127.37 million recorded […]
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Thailand
