Economy and commerce

The Asian Development Bank (ADB) cut its two-year growth forecast for the region on 22 September, amid a slow recovery in major industrial economies and weaker prospects for China and India. The Manila-based bank said developing Asia’s gross domestic product (GDP) growth is expected to slow ...

A recent field trip to Nakhon Phanom, Thailand, organised by the Thailand Research Fund was aimed at promoting a community-based research project on managing social and cultural tourism routes. The project, extending into Sakhon Nakhon and Mukdahan, will help ASEAN Economic Community policymakers assess tourism potential along ...

Myanmar’s economy is showing strong signs of overheating and has become increasingly vulnerable over the past 12 months amid rising macroeconomic imbalances, according to the International Monetary Fund (IMF). An expansionary budget and limited monetary policy tools will see inflation at 13 percent by year-end, the ...

The Ministry of Finance has requested the government to stop imposing a fixed interest rate on unpaid taxes from January 1, news website Saigon Times Online reported on 17 September. Keep reading ...

The Ratchathewi-Phetchaburi zone in Bangkok has become a hotspot attracting significant interest from property developers thanks to its potential to become a major urban transit interchange in 2020. Land prices in the area have risen at a pace comparable with the Siam Square area, according to ...

Rice prices are forecast to increase by as much as 10% late this year and early next year thanks to year-end festive celebrations and lower supply. Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association, said rice prices were likely to rise by 8-10% ...

Honey may soon join wine and coffee as among Shan State’s best-known local commodities, as production grows. Myanmar is set to export about 3500 tonnes of the sweet stuff this year, and experts say the “Made in Myanmar” honey label may soon spread. Rabbi Yossi Ives, chief ...

The World Bank approved a US$400 million interest-free loan to provide financing and technical assistance to help bring electricity to more than 6.2 million people in Myanmar, the bank announced on 17 September. The loan will support Myanmar’s National Electrification Plan and was granted by the ...

The Laotian government has given the green light to a special economic zone in the southern city of Pakse, a 625-hectare site dedicated to small and midsize Japanese companies. Businesses operating there will have corporate taxes waived for 10 years starting in the first profitable year, among ...

For companies looking to float shares on Cambodia’s fledgling stock exchange, the rules have just been made easier. After three years and only two listings, the Securities and Exchange Commission of Cambodia has revamped the listing criteria, in a bid to increase the number of companies ...