The government in Myanmar is ratcheting up its efforts to ready the country for a major influx of investors, as it continues making the transition to democracy.
Asia Economy
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Strong domestic demand for a broad range of goods and services is galvanising economic growth in the Philippines, helping the country to buck a regional slowdown. Consumer confidence remains high, buoyed by news that the government plans to roll out several big-ticket infrastructure projects, in part aimed at creating jobs. However, the Philippines remains vulnerable to many of the external factors.
After decades of economic dominance by neighbours China and Russia, Mongolia is breaking out by forging new trade ties with East Asian countries. While Korean firms are eyeing construction contracts, Japan is set to enter the field of energy and mining investment.
Economic update | Papua New Guinea partially decentralises control of development spending
11 Sep 2013
In line with an electoral platform that pledged to deliver more local level services and control over spending, the national government of Papua New Guinea (PNG) has introduced a budget for 2013 that transfers nearly PGK1.5bn ($623m) to provincial, district and local authorities.
Despite a low inflation rate and relatively stable sovereign and corporate balance sheets, Malaysia is set to miss the targets set out in its Vision 2020.
As progress in the US-led Trans-Pacific Partnership Agreement (TPPA) accelerates, some Bruneians are saying it represents a significant opportunity to create jobs and energise trade. However, critics are concerned that the legal powers it will give to foreign firms could impinge on Brunei Darussalam’s sovereignty.