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…
Reposted from RTT News
Heineken N.V. announced that it has entered into a local joint venture deal with privately-owned Alliance Brewery Company Ltd to brew and sell Heineken beers in Myanmar. Alliance Brewery Company Ltd is majority-owned by Aung Moe Kyaw, a local entrepreneur and established leader in the spirits industry.
The new joint venture company, APB Alliance Brewery Company Limited, has been approved by the Myanmar Investment Committee. APB Alliance Brewery Company will build a new greenfield brewery in the country.
As per the terms of the deal, Heineken, through its subsidiary Asia Pacific Breweries Limited, will have a controlling 57 percent stake in the new joint venture company and be responsible for overall management, providing brewing and technical expertise, procurement of ingredients and the licensing of brands. More…
Reposted from Bloomberg
Heavy reliance on state-owned enterprises and top-down planning is now holding the nation back.
By William Pesek
Like other would-be tiger economies, Vietnam faces a trifecta of new threats: a crisis-paralyzed Europe, a faltering America, and a newly spendthrift Japan. Yet the biggest risk to the nation’s future may be old-fashioned nostalgia. More…
Reposted from AltAsset
Emerging markets firm Leopard Capital has successfully exited its entire investment in Cambodian mineral water company Kulara Water to the company’s founding shareholder.
The transaction harvested an undisclosed profit for Leopard Cambodia Fund, the firm said. It provided Kulara with venture financing and operational support, enabling Kulara to complete its factory construction and refine its business plan. More…
Reposted from The Miami Herald
By Jacqueline Charles
JetBlue Airways, the low-cost carrier that has become a major player in the South Florida and Caribbean market, said Thursday it plans to begin offering daily nonstop service to Port-au-Prince, Haiti, from New York and Fort-Lauderdale-Hollywood as early as December. More…
Reposted from DW.DE
The International Monetary Fund has granted Jamaica a much-needed economic lifeline. In return, the island – one of the most indebted countries in the world – needs to get a grip on its rampant public spending.
Inside a Cambio (currency exchange – the ed.), as the customers wait in line, the talk quickly turns to the exchange rate. In a country where many depend on remittances sent by family from the US, Canada and the UK the country’s sliding dollar is a worry. “It’ll soon be J$100 to $1US, watch my words,” says an old man; a woman interrupts to add that it won’t stop there, as everyone looks at the board showing the exchange rate. More…
Reposted from Lanka Business Online
Sri Lanka has to watch inflation, bank credit, tax revenues, keep monetary policy tight and avoid guaranteeing bank forex borrowings and instead create an environment for foreign direct investments, the International Monetary Fund has said
The executive board of the IMF in a review of Sri Lanka’s economy said Sri Lanka’s economy was facing key challenges of slowing growth and high inflation and gave a nod for post program monitoring. More…
Botswana, Rwanda, and Ghana were recently named among the top 10 countries in the world to invest
Reposted from eNCA
Three African countries have been listed in the top ten of the 102 best places in the world to invest.
A report by the US think tank, Foreign Policy has ranked countries by their attractiveness as investment destinations. Southern Africa’s Botswana, East Africa’s Rwanda and West Africa’s Ghana have all been listed among the 10 best places in the world to invest. This is based on the ease of doing business, the return on investments and the stability of the country. In first place on the continent and second globally is Botswana. More…
Reposted from Vientiane Times
European Council on Tourism and Trade (ECTT) presented Laos for ‘World’s Best Tourist Destination for 2013′.
By Somsack Pongkhao
There was a great sense of pride across the country after the European Council on Tourism and Trade (ECTT) presented Laos with the council’s award for ‘World’s Best Tourist Destination for 2013′ in Vientiane yesterday. Professor Dr.Anton Caragea hands over the award to Professor Dr.Bosengkham Vongdara at the Don Chan Palace hotel in Vientiane yesterday in the presence of Deputy PM Mr.Asang Laoly, Deputy PM Dr.Thongloun Sisoulith and other high-ranking officials. More…
Reposted from Bangkok Post
One of the key drivers of Lao’s growth has been legal and economic policies.
With all the hype surrounding Myanmar these days, investors could be forgiven for not paying as much attention to Thailand’s northeastern neighbour. A number of exciting developments took place in Laos in 2012 and more are in the pipeline this year. As a result, there is a strong argument for investment in this country of 7 million that is far from having reached its potential. More…