(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 […]
Read MoreESTABLISHING 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 […]
Read MoreSoutheast 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 […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production rose 5% in November from a year earlier, boosted by gains in all three major sectors, government data showed on Thursday. Factory output was just above the 4.7% annual rise forecast in a Reuters poll, and up from the 3.4% growth in October. Manufacturing sector output expanded 6.7% from a […]
Read MoreThe private sector has asked the government and the Bank of Thailand to hold a meeting on finding ways to curb the baht’s rapid gains, which is putting the baht among the top-performing currencies in Asia. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will propose next week that policymakers meet, said committee […]
Read MoreDr Vilem Semerak, researcher and lecturer at the Institute of Economic Studies of Charles University in the Czech Republic, reckons Myanmar should abandon its import substitution policies and start thinking ahead. Import substitution advocates replacing foreign imports with domestic production. During his presentation on trade, industrialisation and growth in Myanmar for 2018 at the Mandalay […]
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