MYANMAR’S economy remains weak due to high inflation and worsening external pressures as conflicts between pro-democracy groups and the military government crimp domestic supply and demand, according to the World Bank. While the economy is likely to expand 3 per cent this year after contracting a steep 18 per cent last year, the World Bank […]
Read MoreCambodia and Vietnam have commended the significant increase in bilateral trade despite the disruptions caused by the Covid-19 pandemic and stressed their commitment to further boost the trade relations. The remarks were made at a meeting between Cambodian Prime Minister Hun Sen and Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam, on September […]
Read MoreSINGAPORE has moved up one spot to place 4th in the latest edition of the IMD World Digital Competitiveness Ranking, after Denmark, the United States, and Sweden. The Republic’s progress was driven by an enhancement in tertiary education (improvement in pupil-teacher ratio), an increase in its share of employees working in research and development (R&D), […]
Read MoreEconomic growth in Laos is expected to be slower than forecast in April due to both external and internal factors, according to a report issued by the World Bank on Monday. The World Bank’s East Asia and Pacific October 2022 Economic Update lowered the gross domestic product (GDP) growth forecast for Laos in 2022 to […]
Read MoreMANILA, Philippines — The World Bank has raised its growth forecast for the Philippines this year, citing strong recovery in consumption. In the East Asia and the Pacific Economic Update October 2022 report released yesterday, the World Bank now expects the country’s gross domestic product (GDP) growth at 6.5 percent for this year, up from […]
Read MoreForeign businesses continue to show their confidence in Vietnam’s investment environment. The disbursement of foreign direct investment (FDI) in Vietnam during the nine months of 2022 reached nearly US$15.4 billion, up 16.2% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. “Businesses are firmly on the […]
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Thailand
