Economy and commerce

Economic policy and administration

FMI stock exchange debut set for March 25

First Myanmar Investment will begin selling its shares on the Yangon Stock Exchange on March 25, becoming the first company to list on the country’s first modern bourse, which officially opened last December, according to the Securities and Exchange Commission chair. The local conglomerate which is ...

Challenges lie ahead for Vietnam economic growth

Vietnam has challenges to tackle if it wants to achieve economic targets and deeply integrate into the world’s economy in the context of new trade agreements. Speaking at a seminar held in Ho Chi Minh City on 3 March, Tran Dinh Thien, director of the Vietnam ...

ASEAN currencies prove they're not as vulnerable as you think

Typically regarded as the more vulnerable currencies in Asia to external shocks, the ringgit, baht, and rupiah are proving the most resilient on their relatively lower exposure to China and a dovish Federal Reserve.   The Malaysian, Thai and Indonesian exchange rates are the top three performers ...

Thai shares dip as global recovery stalls

Thai stocks fell briefly below the psychological 1,300 mark on 9 February as intensifying anxiety over the global economy fanned demand for safe-haven assets, with local gold bullion momentarily hitting 20,050 baht per baht-weight. The Stock Exchange of Thailand (SET) index started the day on a ...

Stimulus stuck in slow lane

Thai Deputy Prime Minister Somkid Jatusripitak’s appointment at the economic helm late last August was followed by rapid-fire launches of stimulus measures to revive the slowing economy. Measures worth more than 400 billion baht were announced but disbursement of the funds was slow, snagged by red tape. ...

Vietnam targets high growth to 2020

Vietnam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party’s Congress. The Resolution, approved and made public at the ...

Thai finance ministry trims growth forecast

Thailand’s Finance Ministry trimmed its economic growth forecast for this year to 3.7% from 3.8% and sharply cut its export estimate as global demand slows, a senior ministry official said on 28 January. But growth this year would be supported by government investment and economic stimulus, Krisada ...

Thai Government approves B52.82bn budget to join AIIB

The Thai cabinet approved a budget of 52.82 billion baht on 26 January to join the China-led Asian Infrastructure Investment Bank seen as a rival to the US-led World Bank, government spokesman Sansern Kaewkamnerd said. Keep reading ...

Vietnamese investment minister calls for political reforms

A Vietnamese government minister has warned that the country must immediately reform its political system if it does not want to be left behind.   Minister of Planning and Investment Bui Quang Vinh told the National Party Congress on 22 January that Doi Moi (Renovation), the economic reforms ...

Vietnam needs new wave of investments

Greater efforts at a national level are needed to create a new wave of investments in Vietnam, Vuong Dinh Hue, head of the Party Central Committee’s Economic Commission, said. Speaking during a recent interview with Vietnam News Agency, Hue said the country’s advancing legal framework and ...

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