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 China Weekly
PHNOM PENH, March 29 (Xinhua) — Cambodia’s economy is projected to grow by 7 percent this year, Deputy Prime Minister and Finance Minister Keat Chhon said Friday.
He said the growth still is contributed by garment exports, tourism, agriculture, real estate and construction.
The minister added that the country’s political stability, macroeconomic and financial stability and transparent legal framework will encourage more foreign investors to come to Cambodia in years to come. More…
Reposted from The Economist
By Buttonwood
THIS week’s leader on the Dow points to the vast gulf between the performance of the US stockmarket and economy on the one hand, and the Chinese economy and the stockmarket on the other. Although it is often assumed that the domestic economy is the main driver of the stockmarket, it usually isn’t. A study by Bank of New York Mellon of the relationship between US GDP growth and the S&P 500 between 1970 and 2012 found virtually no link (an r-squared of 0.0146). More…
Foreign direct investment in Cambodia is set to surpass $1 billion this year
PHNOM PENH—Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior official at the country’s central bank said. More…
A man walks around the That Luang Stupa in Vientiane, the capital of Laos.
Pop quiz: Which country is likely to have the fastest-growing economy in Southeast Asia this year?
Indonesia, the region’s emerging powerhouse? Myanmar, investors’ flavor of the month as it opens to the Western world? Or maybe Thailand, which is rebounding nicely from last year’s epic floods? More…
Reposted from BloombergBusinessweek
By Daniel Ten Kate
Myanmar’s economy may grow as much as 8 percent a year over the next decade as inflation remains low and the government increases trade ties with neighbors China and India, according to the Asian Development Bank.
The near-term outlook for the economy, one-tenth the size of neighboring Thailand, is “relatively upbeat” because of higher foreign investment and commodity sales, the ADB said in a report today. Annual growth of 8 percent may triple per capita gross domestic product to $3,000 by 2030, it said.
More…
Reposted from Capitalist Exploits
By Mark Wallace
With the Mongolian meet up now over, one of the countries we are going to hone in on is Cambodia. It’s a sleepy SE Asian “powerhouse-to-be” in our opinion. More…
President Thein Sein
LAST month Thein Sein shared with an audience an “aspired goal” for his country’s economy: to triple per-capita GDP by 2016. With the current population that would entail inducing output to grow by more than 25% year on year—no mean feat by any standard. Even gas-rich Qatar, home to one of the world’s fastest-expanding economies last year, grew by a mere 14%. More…
Reposted from The Phnom Penh Post
By May Kunmakara
Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one.
Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from the government’s original outlook of 7 per cent. More…
Reposted from em pe guy
I was speaking on a panel at SuperReturn Geneva last week and the topic was on “Frontier Markets”. Due to lime limitations, we didn’t get a chance to discuss the risk component in more detail and how these usually can be mitigated. I’ve decided to put down a few points: More…
