September 11, 2013
Source: South China Morning Post
Beijing’s top representative in Hong Kong has called on its leaders to do more to encourage innovation, saying a lack of creativity is holding back development.
However, an academic said that while more innovation was needed, so was societal change. More…
September 7, 2013
Source: The Express Tribune
The Lahore Chamber of Commerce and Industry and the Pak-Turk Businessmen Association have inked a memorandum of understanding to pave the way for bringing more Turkish investment, promote joint ventures and deepen business-to-business relations. More…
September 5, 2013
Capping its stellar performance in the social sector, Bangladesh has achieved another economic milestone.
Its per capita income has crossed $1,000-mark as the Bangladesh Bureau of Statistics (BBS) started calculating the Gross Domestic Product (GDP) taking 2005-06 as the base year. More…
September 1, 2013
Source: Eleven Myanmar
Myanmar will make changes in order to reduce its poverty level by half to 16 per cent in 2014-2015, according to a joint forum held by Myanmar and Korea.
According to the UN Economic and Social Commission for Asia and the Pacific (UN-ESCAP) data, the poverty rate was 32 percent before 2010. In 2011, it declined to 26 percent. More…
August 28, 2013
Source: The Financial Express
Finance Minister AMA Muhith said Tuesday that Bangladesh might reach the level of a middle income country within the next three to four years when the per capita income would rise to around US$1,200 from $900.
The country’s status as a middle income nation could be consolidated by 2021 when per capital income would be raised to around $2,000, he hoped. More…
August 26, 2013
Source: Bangkok Post
From the mountains of northwestern Sagaing Division to the industrial outskirts of Yangon, public pressure is rising on Myanmar’s government to deal with an issue that many say could make or break the country’s economic reforms: land grabbing.
The former military government spent decades selling off huge swathes of farmland and valuable mining areas to connected business cronies and military conglomerates. More…
August 26, 2013
Source: The UB Post
A research conference titled “Mongolian Railway Development Issues” took place at the State Palace on Wednesday. The conference brought together experts, researchers and scholars to evaluate the current shortcomings of the railway system, discuss railway infrastructure development, the railway’s current state, near and long term policy development, and provide information to the public. More…
August 23, 2013
According to the United Nations Population Division, the country’s rural population makes up more than 66 percent of the total, much higher than the world average of 49.5%. Many are farmers who have suffered from the years of sanctions. But amid growing foreign investment, the government now plans to put more tools into their hands to improve the country’s economic future. Roee Ruttenberg reports. More…
August 23, 2013
Source: Daily Times
World Bank (WB) Vice President Philippe Le Houerou announced on Wednesday that in view of the economic policies and stabilisation measures taken by the present government the WB is now ready to work out a $1.5 billion programme for the present fiscal year to support the government’s economic policies. More…
August 22, 2013
Source: Vientiane Times
Both local and foreign investors operating businesses in Laos have been encountering problems stemming from the chronic labour shortage.
“We are experiencing an annual shortfall of labourers in excess of 31,000 people,” said a senior advisor to the Lao National Chamber of Commerce and Industry. More…