Asia Economy

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Occupying the eastern half of the island of New Guinea and hundreds of adjacent smaller islands, Papua New Guinea is an important exporter of metals ( particularly gold and copper) and agricultural products such as coffee and palm oil. The country is also set to become a major exporter of gas, which should significantly increase the size of the...

Occupying the eastern half of the island of New Guinea and hundreds of adjacent smaller islands, Papua New Guinea is an important exporter of metals ( particularly gold and copper) and agricultural products such as coffee and palm oil. The country is also set to become a major exporter of gas, which should significantly increase the size of the...

As the second phase of the Sabah Development Corridor (SDC) gets under way, the chief minister, Musa Aman, has announced that cumulative planned investment in the programme has reached RM57bn ($17.7bn) – almost four times the target value set just last year.
Brunei Darussalam’s economy has maintained its competitive edge over the past year, according to a recent report, putting in a solid performance in difficult times as the world struggles to rebound from recession. However, the study also identified a number of key areas where the Sultanate needs to step up if it is to further improve its rankings.
Promising to initiate methods to stimulate domestic economic activity and foreign direct investment (FDI), Prime Minister Najib Abdul Razak unveiled his government’s proposed 2012 budget on October 7.
The Philippines is making progress in boosting its ability to compete in the global economy, according to a recently released report. Although the country still has some way to go before being able to match many of its neighbours, its rationalisation of trade tariffs, an improving macroeconomic environment and a growing technological readiness have all strengthened its capacity to conduct business on the international stage.

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