Economy and commerce
Trade
ADB cuts growth forecast
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 ...
Myanmar's economy risks overheating: IMF
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 ...
Festive period likely to boost rice prices
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% ...
Sweet plans for future of Shan honey
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 ...
Bourse softens listing criteria
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 ...
200 experts discuss sustainable manufacturing in southern Vietnam
More than 200 researchers and practitioners from around the world are attending a three-day conference on sustainable manufacturing in the southern province of Binh Duong. The 13th Global Conference on Sustainable Manufacturing, from 16-18 September, offered keynote speeches, panel discussions with parallel sessions on sustainable approaches ...
Rice exports: It’s time for the “giants” to leave
Rice exports seem to be the playground of big State-owned corporations, which are able to impose unfavorable conditions on others, especially farmers. The export floor price for rice is stipulated in Decree 109/2011/ND-CP, which is determined under the guidance of the Vietnam Food Association (VFA) based ...
Survey finds Thai government doing poor job publicising economic plans
Largely clueless about the government’s economic plans, a majority of the Thais believe officials should go on the road to publicise their initiatives to reignite the economy, a poll released on 17 September concluded. The survey of 1,200 people nationwide by the University of the Thai Chamber ...
Myanmar keeps ‘cordial’ relations with North Korea
A foreign ministry delegation is visiting North Korea this week to further diplomatic relations, although a senior official noted that arms deals were excluded under UN sanctions. U Kyaw Zeya, deputy director general of the foreign ministry, told The Myanmar Times that a delegation led by ...
Myanmar expects a more vibrant post-election economy
Foreign investors are being wooed to invest more in Myanmar to take advantage of the country’s ASEAN membership and geographic location, which should enhance its attractiveness after the election in November. “By the end of this year, the ASEAN Economic Community will be launched. That means our market will ...
