Total foreign direct investment receipts have remained consistent over the past five years, according to a new government report that incorporates central bank data. FDI inflows have ranged from $1.5 billion to $2 billion a year between 2012 and 2015, according to the biannual Macroeconomic Outlook issued by the Ministry of Economy and Finance. Meanwhile, […]
Read MoreJAKARTA • Indonesian President Joko Widodo has signed a new regulation giving the tax authorities access to information on accounts held at financial institutions such as banks. The regulation was signed last week as part of Indonesia’s pledge to join the Automatic Exchange of Information (AEOI) initiative led by the Organisation for Economic Cooperation and […]
Read MoreHANOI (Reuters) – Japan and other remaining members of the Trans Pacific Partnership will this weekend decide how to revive the trade agreement ditched by US President Donald Trump. Their trade ministers will talk on the sidelines of an Asia-Pacific Economic Cooperation (Apec) meeting in Hanoi, Vietnam, where newly appointed US Trade Representative Robert Lighthizer […]
Read MoreWhile Cambodia’s real growth is projected to remain strong, expanding at 6.9 percent in 2017 and 2018, the World Bank warned in a report released yesterday that the risks to this outlook include the fallout from further rises in US interest rates, a slower-than expected economic recovery in Europe, and uncertainties over global trade. “US […]
Read MoreWork is gearing up for the planned building of a railway to connect Vientiane to the Vung Ang seaport in Vietnam after the two countries agreed to move forward with the project. The two governments last month signed a Memorandum of Understanding in Vientiane agreeing to work together towards realising the Vientiane-Thakhaek-Muya railway, linking the […]
Read MoreMANILA, Philippines (UPDATED 12:03 p.m.) — The Philippine economy posted a 6.4-percent growth in the first quarter of the year, the government announced Thursday. At a televised press conference, Economic Planning Secretary Ernesto Pernia said that the country remains one of the strongest performers among emerging economies in Asia. The Philippine overtook the 5.1-percent growth of […]
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Thailand
