September 16, 2013
Source: The Daily Mirror
The Sri Lankan economy grew 7 percent in the second quarter (2Q) accelerating from the 6 percent growth reported in the first quarter of 2013, Central Bank Governor Ajith Nivard Cabraal said in an interview with Bloomberg in Hong Kong. More…
September 11, 2013
Source: Daily Mirror
The Sri Lankan economy grew 7 percent in the second quarter (2Q) accelerating from the 6 percent growth reported in the first quarter of 2013, Central Bank Governor Ajith Nivard Cabraal said in an interview with Bloomberg in Hong Kong.
“Our second quarter figures have just come out and we had a 7 percent growth in the second quarter, which shows that we are well on target to achieve the 7.5 percent growth for this year,” Cabraal said. 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…
August 30, 2013
Project justification on reforming the investment climate of Tajikistan says that the lowest per capita income in the Central Asian region is still in Tajikistan.
It is noted that limited employment opportunities have led to 40 percent of the able population leaving the country in search of work abroad. More…
August 1, 2013
Reposted from Reuters
By Peter Thal Larsen
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)
Mongolia’s fairytale economic boom is developing cracks. The failure of the country’s fifth-largest bank and delays to the development of its giant copper mine underscores fears that its growth potential is built on shaky foundations. Yet greater economic realism may ultimately be welcome. More…
July 22, 2013
Reposted from The UB Post
By M. Zoljargal
Though Mongolian gross domestic product (GDP) growth has been slow, the influence of sub-sectors on general GDP growth has increased according to a study done in late 2012.
The mining sector constituted 20 percent of the GDP (the highest percentage among all sectors), while 17.7 percent is occupied by wholesale, retail trade, and mechanical repairs. More…
May 13, 2013
Reposted from Bloomberg Businessweek
By Michael Kohn
Mongolia’s economic growth slowed in the first quarter after coal prices fell and moderating Chinese demand reduced the nation’s exports.
Gross domestic product, as measured by production in constant prices, grew 7.2 percent from a year ago, the National Statistical Office of Mongolia said on its website today. That compares with the 16.7 percent pace of expansion for the same period last year and a 12.3 percent annual rate for 2012. More…
April 1, 2013
Reposted from China Weekly
PHNOM PENH, March 29 (Xinhua) — Cambodia’s economy is projected to grow by 7 percent this year, Deputy Prime Minister and Finance Minister Keat Chhon said Friday.
He said the growth still is contributed by garment exports, tourism, agriculture, real estate and construction.
The minister added that the country’s political stability, macroeconomic and financial stability and transparent legal framework will encourage more foreign investors to come to Cambodia in years to come. More…
March 12, 2013
Reposted from The Economist
THIS week’s leader on the Dow points to the vast gulf between the performance of the US stockmarket and economy on the one hand, and the Chinese economy and the stockmarket on the other. Although it is often assumed that the domestic economy is the main driver of the stockmarket, it usually isn’t. A study by Bank of New York Mellon of the relationship between US GDP growth and the S&P 500 between 1970 and 2012 found virtually no link (an r-squared of 0.0146). More…
November 8, 2012
Reposted from The Wall Street Journal
By CHUN HAN WONG
Foreign direct investment in Cambodia is set to surpass $1 billion this year
PHNOM PENH—Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior official at the country’s central bank said. More…