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Cambodia’s openness helps it connect with Asean

KT: How good is connectivity within Asean and the world? Dato’ Sri Mustapha: Southeast Asia’s ambitious plans to boost region-wide economic integration – and consolidate its position as a key transport, communication and tourism hub – hinge largely on forging stronger transport, regulatory and people-to-people links among the ten members of Asean. Connectivity here focuses […]

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Philippines economy expands faster in Q1 – Moody’s

MANILA, Philippines – The economy grew at a faster rate of 6.9 percent in the first quarter, fueled by rapidly increasing private investment and consumption, according to Moody’s Analytics. In its latest Asia Economic Preview, the economic research and analysis arm of Moody’s Corp. said the first quarter gross domestic product (GDP) growth was faster […]

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Indonesia: BI Projects May Inflation at 0.27%

TEMPO.CO, Jakarta – Bank Indonesia (BI) projects May’s inflation at 0.27 percent. This is based on a survey BI held in 82 cities in the second week of the month. On an annual basis, May’s inflation is estimated at 4.12 percent. “This is still in line with the government’s and BI’s target,” BI governor Agus Martowardojo […]

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Myanmar: 36 investment proposals permitted under two old laws

For the first month of this fiscal year, 36 businesses, approved under two older investment laws, have been permitted to operate, according to Myanmar Investment Commission (MIC) secretary U Aung Naing Oo. They include 24 foreign investments – worth US$656.277 million – and 14 domestic investments, which are worth US$186 million (or K366 billion), he […]

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Asean the ‘next frontier’ for e-commerce boom

E-commerce in Southeast Asia is ripe for fast-paced growth scenario given the region’s huge population and growing middle class, but countries need to address existing challenges to help the business reach its full potential, says a Google executive. Southeast Asia is a “hotbed” for mobile internet with about 130 million people now using smartphones out […]

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