Economy and commerce
Trade
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 ...
Thailand to tap rice stockpile to maintain export levels
Rice exports from Thailand may be steady next year as the world’s biggest shipper taps state inventories to offset a possible decline in production amid dry weather. Keep reading ...
Vietnam fruits lose ground to Thai imports even as ASEAN threat looms
Vietnamese fruit sellers are selling more Thai vegetables, making it harder for local vegetable growers to compete. Thailand is now the largest exporter of vegetables and fruits to Vietnam after surpassing China early last year. Be, who has a fruit shop on Nguyen Thai Hoc Street, Can Tho, ...
Exports up 20% in H1 on Europe purchases
Cambodian exports saw a nearly 20 per cent increase for the first half of the year, as garment shipments to the European Union led the way in making up for a decrease in exports to the United States, according to a new Ministry of Commerce ...
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 ...
Vietnam fruit farmers unprepared for ASEAN
Economist Le Dang Doanh warned that Vietnamese farm produce would face fiercer competition from other countries in the region when the ASEAN Economic Community is born at the end of this year. Keep reading ...
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 ...
