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 […]
Read More(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 MoreAn airport train service running from the capital’s train station on Monivong Boulevard to the Phnom Penh International Airport started on Tuesday at a ceremony presided over by Transportation Minister Sun Chanthol. The ride currently takes about 45 minutes and trains depart at 20-minute intervals, 24 hours a day, Chanthol said. The trains have different […]
Read MoreEconomic forecasting houses are still divided on Thailand’s growth prospects. While the World Bank Monday raised Thailand’s 2018 growth forecast to 4.1% from the 3.6% predicted in August last year, and the Organisation for Economic Co-operation and Development (OECD) lauded Thailand for making impressive economic and social progress over the past several decades, CIMB Thai Bank (CIMBT) […]
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