ASEAN

Myanmar to investors: more reform ahead 0

Map of Myanmar IIIISource: The Nation

Myanmar’s minister of national planning and economic development, said last week that the government’s medium- and long-term reforms would ensure the creation of an investment-friendly climate and keep up with Asean and international norms and standards. More…

Fiscal Policy Office says Thai economy will grow only 3.8-4.3% 0

File photo shows employees working on an assembly line for Ford vehicles at the new Ford Thailand manufacturing plant located in Rayong province, east of BangkokSource: Pattaya Mail

The Fiscal Policy Office (FPO) expects the Thai economy to grow only at the range of 3.8-4.3 percent this year, revealing that Thailand saw a 28 percent rise in its tourism sector in August.

According to Deputy Director-General of the Fiscal Policy Office (FPO) Ekniti Nitithanprapas, this year’s economic growth is expected to be around 3.8-4.3 percent, a tremendous decline when compared to last year’s figure of 6.5 percent. More…

Central Bank eyes decrease in interest rates 0

Burma's Central Bank building in Naypyidaw as seen in May 2012Source: Democratic Voice of Burma

The Central Bank of Myanmar is considering lowering Burmese interest rates to bring them in line with international borrowing and lending standards.

Currently, the Central Bank sets lending rates at 13 percent per annum while banks offer 8 percent for savings, significantly higher than Burma’s Southeast Asian neighbours where rates are generally fixed at around 2.5 percent for loans and 3 percent on savings. More…

Chinese premier meets Laos PM 0

Source: XinLi Keqiang and Thongsing Thammavonghua

Chinese Premier Li Keqiang met with Laos Prime Minister Thongsing Thammavong here Monday, pledging to enrich the content of their all-round strategic partnership of cooperation.

Li made the remarks during his meeting with his Lao counterpart on the sidelines of the 10th ASEAN-China Expo, which is set to run from Sept. 3-6 in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region. More…

Chinese premier meets Myanmar president on ties 0

Myanmar China FlagsSource: Xinhua

Chinese Premier Li Keqiang met with Myanmar President U Thein Sein here Monday on the sidelines of the 10th ASEAN-China Expo, which is set to run from Sept. 3-6 in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region.

During the meeting, Li said it is of great strategic importance to strengthen China-Myanmar friendship under the background of complex international and regional situation. More…

Myanmar to sign visa exemptions with ASEAN countries 0

Burmese parliamentSource: Eleven Myanmar

Myanmar will sign reciprocal visa exemption with ASEAN countries next fiscal year, according to the Ministry of Foreign Affairs.

During a parliamentary session on Monday, Deputy Minister Tin Oo Lwin said that Myanmar and Laos signed a reciprocal 14-day visa exemption for ordinary passport holders in 2006. It will try to sign visa exemptions with the other ASEAN countries in the next fiscal year. More…

Pepper and cassava attract investors into Cambodia 0

PepperSource: SBWire

Cambodia is the unexpected rising star for small business investment in the region of Southeast Asia. Devastated by one of the most deadly conflicts in human history in the 1970s, Cambodia has fought back. Two million of its population lost their lives in the war, coming in a country of only 8 million at the time, that is a huge percentage and one from which it may never have recovered. But recover it has and thrived. The resilience of these people is astonishing. More…

Cambodia urges closer ASEAN ties with China 0

Chinese Foreign Minister Wang Yi (L) meets with Cambodia's Prime Minister Hun Sen in Phnom Penh, August 21, 2013.Source: Voice of America

Cambodia’s foreign minister says a special meeting between ASEAN ministers and China is “crucial,” following meetings with his Chinese counterpart this week.

Cambodian Foreign Minister Hor Namhong met Thursday with Wang Yi, who was on a two-day visit for bilateral talks on security, economics and trade. Wang told reporters China is interested in protecting Cambodia from “outside” interests. More…

US investors cite corruption as major issue 0

Angkor Wat, CambodiaSource: The Cambodia Daily

Though U.S.-owned businesses in Cambodia are optimistic of the country’s economy, its appeal as an investment destination lags behind most of its neighbors due to the perception of endemic corruption, a new survey of 475 senior U.S. business executives in Asean shows.

The 2013-14 ASEAN Business Outlook Survey, jointly conducted by the American Chamber of Commerce in Singapore and the U.S. Chamber of Commerce, cited several benefits of doing business in Cambodia, such as low-cost labor, personal security and a positive attitude toward the U.S. More…

Cambodia calling 0

cambodia13Source: The Star

A country once torn apart by war is emerging as a key investment destination for small and medium entreprises

It was once home to a great civilisation. In the 12th century, the Khmer empire was South-East Asia’s largest. Angkor was the centre of its power and a series of capitals were constructed during the empire’s zenith. More…

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