Economy and industry
World Bank slashes Myanmar growth forecast
Just four months ago the World Bank predicted in its Global Economic Prospects report that Myanmar would grow at 8.2pc this year and 8.0pc in fiscal 2017, to become the world’s fourth-fastest-growing economy. However, this outlook took a hit as floods swept the country in July ...
Laos to host ASEAN ministerial meeting on rural development
Laos has confirmed its readiness to host the 9th ASEAN Ministerial Meeting on Rural Development and Poverty Eradication in Vientiane from 13-17 October. Speaking at a press conference on 6 October on preparations for the meeting, Deputy Minister to the Government Office and Vice Chairman of the National ...
South Korea to fund Laos–Vietnam railway feasibility study
Vietnam’s transport ministry and the Korea International Co-operation Agency (KOICA) have agreed to study the feasibility of a 500 km-long railway link from Laos’ Vientiane to Vung Ang in central Ha Tinh Province of Vietnam. The study will be conducted with a $US3-million ODA grant from KOICA for ...
Compensation for Yangon-Dala bridge to be paid this month
In an apparent effort to ensure good relations with local residents and avoid the problems that have dogged other development projects, local authorities have agreed to pay compensation in advance to people forced to move to make way for the Yangon-Dala Bridge. The committee set up ...
Vietnam steel association wants fewer plants as supply surplus hurts industry
The Vietnam Steel Association has urged authorities not to go ahead with 27 planned steel plants since local output is already more than twice the demand. Some of the planned plants have not been started while others have proved impractical or are using outdated technology. Keep reading ...
Thailand 'the laggard in ASEAN GDP growth'
Thailand will trail all ASEAN countries in growth because its open economy and export dependence leave it directly exposed to the global and Chinese slowdowns, according to the World Bank. Thai gross domestic product this year is expected to grow by 2.5 per cent, while the East Asia-Pacific ...
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 ...
Four international airports need to be built in Laos
Laos will need to build four new international airports as the existing four of Wattay, Luang Prabang, Savan and Pakse will be unable to accommodate growing air transport in the coming decades, a minister told the cabinet. Minister of Public Works and Transport Dr Bounchanh Sinthavong ...
Government agrees to repair Vientiane's poor roads
The government has allocated a large amount of money from its budget to repair and repave deteriorating roads throughout the city. Vientiane Public Works and Transport Department are now pressing ahead with repairs to around 20 main roads across the capital after the government released over ...
