Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.
Maintaining a growth streak for six consecutive years, the Philippines Stock Exchange’s (PSE) momentum is expected to continue into 2015, thanks to projected gains from cheaper oil prices and a strong growth outlook among dimming prospects in the region.
Sarawak’s small and medium-sized enterprises (SMEs) are on course for strong growth this year as more companies tap into spin-off projects engendered by larger players’ investments in the state’s special economic zone.
Banks in Mongolia are facing weaker profits this year as one of Asia's fastest growing economies cools, triggering a downpour of higher borrowing costs and an increase in non-performing loans, while credit rating agencies are watching the banks' vulnerability to China's continued economic slowdown.
Foreign banks are about to make a return to Myanmar after an absence of more than 50 years, in a move that is intended to support foreign direct investment (FDI) and improve existing services.
In what ways have local banks responded to tighter credit conditions, and to what extent has there been a shift in focus in terms of lending?
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