Economy and commerce
Investment
World Bank slashes Myanmar growth forecast
Just four months ago the World Bank predicted in its Global Economic Prospects report that Myanmar would grow at 8.2pc this year and 8.0pc in fiscal 2017, to become the world’s fourth-fastest-growing economy. However, this outlook took a hit as floods swept the country in July ...
Thailand 'the laggard in ASEAN GDP growth'
Thailand will trail all ASEAN countries in growth because its open economy and export dependence leave it directly exposed to the global and Chinese slowdowns, according to the World Bank. Thai gross domestic product this year is expected to grow by 2.5 per cent, while the East Asia-Pacific ...
World Bank cuts Thailand growth to 2.5%
The World Bank has slashed Thailand’s economic growth this year to 2.5% from 3.5%, the lowest in the East Asia and Pacific region, in its latest regional report released on 5 October. Thailand’s growth next year was also cut to 2% from 4% in the previous forecast ...
Floods dampen Myanmar's growth: WB
Myanmar’s economy will expand at only 6.5 per cent in the 2015-16 fiscal year due to floods and slowing investments, according to a World Bank report. Keep reading ...
World Bank trims Asia forecast but says no China hard landing
The World Bank on 5 October cut its growth forecasts for developing economies in East Asia and the Pacific but allayed fears of a hard landing for China’s slowing economy. The bank also said it expects any increase in US interest rates to have an orderly impact ...
Japan's Sapporo buys out its Vietnamese beer venture: report
State-owned tobacco company Vinataba has sold out its 29 percent stake in Sapporo Vietnam to Japanese parent Sapporo Holdings, news website VnExpress reported on 4 October. Keep reading ...
Investors sour on Southeast Asia’s growth plans
Governments in Southeast Asia in the past several weeks have accelerated plans to boost growth and prop up markets amid worries about the spillover of China’s slowdown. But investors aren’t convinced. In August and September combined, equity outflows from Malaysia, Indonesia and Thailand quickened at the ...
Lao economy forecast up 6.4 pct for this year, 7 pct for 2016: World Bank
Investments in power generation and higher than expected production of gold and copper are set to see Laos post economic growth of 6.4 percent for the year 2015 despite the impact of weak commodity prices and sluggish global trade, according to a World Bank report ...
Made in Vietnam: Should Samsung be treated as a local company?
On the sidelines of a conference at the end of July, Samsung Vietnam CEO Myoung-Sup Han told the press that his company hopes to be treated as a local business soon, instead of a foreign investor. He said every year Samsung makes huge contributions to Vietnam’s ...
PPA for Mega First’s Laos unit
Mega First Corp Bhd said its 80%-owned power generation unit in Laos, Don Sahong Power Co Ltd, has secured the power purchase agreement for its hydropower project. Keep reading ...
