The Asian Development Bank (ADB) 's Asian Development Outlook 2014 has projected a 7.3 percent GDP growth for Laos in 2014 but warns of the country's susceptibility to economic shocks due to macroeconomic imbalances.
The projected 7.3 percent growth in 2014 falls slightly short of last year's 7.6 percent.
"The Lao PDR economy remains one of the top performers in the region in terms of economic growth," said ADB Country Director Sandra Nicoll on Tuesday.
"It is clear, however, that the economy has become more vulnerable to internal and external shocks, and the challenge for the government is to make the economy more resilient by addressing the macroeconomic imbalances that exist today."
The ADB's Lao growth prospects are affected by the fiscal challenges facing the government and a small slowdown in mining and construction.
ADB Deputy Country Director Barend Frielink told Xinhua that the most urgent issue facing the Lao government was its fiscal constraints.
"The economy may not be resilient enough to withstand shocks under the current circumstances so the priority should be to address the fiscal imbalances," he said.
The ADB report attributes Laos' 7.6 percent growth last year to the country's expansionary fiscal and monetary policies. Services expanded by 9 percent supported by robust consumer spending. A 12 percent increase in tourist arrivals benefited hotels, restaurants and transportation.
More at http://www.shanghaidaily.com/article/article_xinhua.aspx?id=209929
Thursday, April 3, 2014
Britain’s new ambassador to Cambodia sees bright times ahead for a nation that is leaving its tragic past behind
“People who have never visited Cambodia and don’t know about it, I think they are in for a big surprise,” says Bill Longhurst, British ambassador to Cambodia, with a confident smile. “When I told my mother I was coming here, she asked me if the war was still on. People really do think that. Even people who last visited five or six years ago are surprised because Phnom Penh is a very different place to what it was then. Things have been moving in the right direction and we’re keen to see them continue.”
More at http://www.britchamcambodia.org/page.php?id=47
More at http://www.britchamcambodia.org/page.php?id=47
Cotton, Cashew production to receive boost in Ghana
Ghana’s cotton and cashew production could soon be given a boost with an expressed interest by a business delegation from Dubai to invest in the industry.
The six member team which owns the biggest cotton processing factory in Central Asia has promised to set up similar factory in Ghana.
They are currently relocating a cashew processing plant in Guinea Bissau to Ghana.
The decision of the group which owns UZ Impex in Uzbekistan to invest in Ghana is underscored by the availability of ports- Tema and Takoradi seaports.The presence of such facilities can easily facilitate export of products to Central, South and Western Asia as well as Middle East and Europe where such products are on high demands.
The Dubai business team has held talks with the Secretary to the President, Dr Raymond Atuguba and the Minister in charge of Public Sector Development, Rashid Pelpuo where the prospects of such business ventures were highly discussed.
Cashew farmers are unable to boost production due to lack of resources.
According to the Ghana Cashew Industry Association, only 50 thousand tons of the commodity is produced annually, as against the 62,000 tons needed to feed local processors.
A member of the team, Shopulat Sibikov told Nhyira News the team is committed to commercial agriculture development in Ghana.
Describing Ghana as a country with so many investment opportunities, Mr. Shopulat said the team is impressed with investment potentials and is convinced there is more to be realized.
“When we came here, it was very small. Our plan was not too much big and the main project was agriculture," Mr Shopulat said.
More at http://www.myjoyonline.com/business/2014/April-3rd/cotton-cashew-production-to-receive-boost-in-ghana.php
The six member team which owns the biggest cotton processing factory in Central Asia has promised to set up similar factory in Ghana.
They are currently relocating a cashew processing plant in Guinea Bissau to Ghana.
The decision of the group which owns UZ Impex in Uzbekistan to invest in Ghana is underscored by the availability of ports- Tema and Takoradi seaports.The presence of such facilities can easily facilitate export of products to Central, South and Western Asia as well as Middle East and Europe where such products are on high demands.
The Dubai business team has held talks with the Secretary to the President, Dr Raymond Atuguba and the Minister in charge of Public Sector Development, Rashid Pelpuo where the prospects of such business ventures were highly discussed.
Cashew farmers are unable to boost production due to lack of resources.
According to the Ghana Cashew Industry Association, only 50 thousand tons of the commodity is produced annually, as against the 62,000 tons needed to feed local processors.
A member of the team, Shopulat Sibikov told Nhyira News the team is committed to commercial agriculture development in Ghana.
Describing Ghana as a country with so many investment opportunities, Mr. Shopulat said the team is impressed with investment potentials and is convinced there is more to be realized.
“When we came here, it was very small. Our plan was not too much big and the main project was agriculture," Mr Shopulat said.
More at http://www.myjoyonline.com/business/2014/April-3rd/cotton-cashew-production-to-receive-boost-in-ghana.php
Myanmar - IFC to help privatise Yangon electricity
A new power generation project will be jointly implemented by the International Finance Cooperation (IFC) and Yangon City Electricity Supply Board (YESB).
The IFC, which is the private sector branch of the World Bank, aims to help to transform YESB into a corporation and is conducting a survey on electricity consumption, power charges and supply system.
“Thanks to this project, we can distribute electricity to regions which lack power at a reasonable price, as well as lower power losses. Currently, power loss in Yangon is about 27 percent. The running of cooperation will take few years,” said Tun Gywe, deputy chief engineer of YESB.
The newly formed cooperation will be 51 percent government owned with the IFC claiming the remaining 49 percent.
The IFC signed a contract with Myanmar Oriental Bank (MOB) in February to offer monetary services to the country. The IFC is an international financial institution which offers investment, advisory and assent management services to encourage private sector development in developing countries.
Source: Eleven Weekly Media
The IFC, which is the private sector branch of the World Bank, aims to help to transform YESB into a corporation and is conducting a survey on electricity consumption, power charges and supply system.
“Thanks to this project, we can distribute electricity to regions which lack power at a reasonable price, as well as lower power losses. Currently, power loss in Yangon is about 27 percent. The running of cooperation will take few years,” said Tun Gywe, deputy chief engineer of YESB.
The newly formed cooperation will be 51 percent government owned with the IFC claiming the remaining 49 percent.
The IFC signed a contract with Myanmar Oriental Bank (MOB) in February to offer monetary services to the country. The IFC is an international financial institution which offers investment, advisory and assent management services to encourage private sector development in developing countries.
Source: Eleven Weekly Media
Wake up to Indonesia's investment potential
As a fellow democracy with the world’s largest Islamic population, with 253 million people spread across an archipelago of 17,000-18,000 islands, and an economy growing 6 per cent a year, Indonesia is the waking giant only 800 kilometres beyond Australia’s northern border.
With burgeoning cities in clear need of greater infrastructure development, the time is right for Australian institutional investors to establish a foothold in this market through vehicles such as superannuation. A growing middle class presents tremendous opportunity for established Australian businesses and ambitious entrepreneurs who want to expand their operations beyond our borders into exciting frontiers.
With a GDP per capita of $US4,271 and a middle class expected to double to 140m by 2020, it is no surprise our key competitors have awoken to the potential of this market which is expected to overtake Australia’s GDP by 2022, on a steady path to becoming the world's fourth biggest economy by 2040. However some Australian investors appear asleep at the wheel, with sections of our business and investment community seemingly indifferent to the need for an enduring two-way relationship.
More at http://www.businessspectator.com.au/article/2014/4/1/economy/wake-indonesias-investment-potential
With burgeoning cities in clear need of greater infrastructure development, the time is right for Australian institutional investors to establish a foothold in this market through vehicles such as superannuation. A growing middle class presents tremendous opportunity for established Australian businesses and ambitious entrepreneurs who want to expand their operations beyond our borders into exciting frontiers.
With a GDP per capita of $US4,271 and a middle class expected to double to 140m by 2020, it is no surprise our key competitors have awoken to the potential of this market which is expected to overtake Australia’s GDP by 2022, on a steady path to becoming the world's fourth biggest economy by 2040. However some Australian investors appear asleep at the wheel, with sections of our business and investment community seemingly indifferent to the need for an enduring two-way relationship.
More at http://www.businessspectator.com.au/article/2014/4/1/economy/wake-indonesias-investment-potential
Vietnam - Price war seen as Thai rice glut swamps market
Asian rice costs will keep slumping from near a six-year low as Thailand clears out record stockpiles, threatening a price war with Vietnam and India.
The government plans to sell about 1 million metric tons a month, compared with average monthly exports of 558,000 tons last year. The nation’s benchmark price, which is already below costs in Vietnam and India, may retreat 11 percent to $350 a ton by May, the Thai Rice Exporters Association forecasts.
Thailand accumulated reserves under a state-buying program which ended this year amid a political crisis in Southeast Asia’s second-largest economy. Its stockpiles reached 12.8 million tons in 2013, or about a third of the global export market. Vietnam’s Minister of Industry and Trade said this week that Thailand was willing to sell the grain at any price.
“We could see a price war, with Vietnam cutting prices, selling lower than Thai rates,” said Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association. The 5-percent Thai broken white grade, used as a reference price in Asia, tumbled 30 percent to $394 in the past year, according to data compiled by Bloomberg. Thai grain is currently quoted at about $365 to $370 a ton, lower than $385 in Vietnam and $420 in India, said Chookiat. His forecast for $350 would be the lowest since December 2007.
Cheaper rice may contribute to lower food costs, helping to damp inflation across Asia, where billions depend on the staple. Global food prices tracked by the United Nations fell 2.1 percent in the past year. Thailand, India and Vietnam, the three biggest shippers, accounted for 62 percent of the rice trade last year, the U.S. Department of Agriculture estimates. Rice is falling as wheat in Chicago rose 11 percent this year.
‘Cheaper rates’
“Now that Thailand is selling from government stockpiles at cheaper rates, trade inquiries have stopped,” said B.V. Krishna Rao, managing director of Kakinada, Andhra Pradesh-based Pattabhi Agro Foods Pvt., India’s largest exporter of non-basmati rice. “India’s export price needs to be dropped by $20 a ton to be competitive against Thailand.”
The government plans to sell about 1 million metric tons a month, compared with average monthly exports of 558,000 tons last year. The nation’s benchmark price, which is already below costs in Vietnam and India, may retreat 11 percent to $350 a ton by May, the Thai Rice Exporters Association forecasts.
Thailand accumulated reserves under a state-buying program which ended this year amid a political crisis in Southeast Asia’s second-largest economy. Its stockpiles reached 12.8 million tons in 2013, or about a third of the global export market. Vietnam’s Minister of Industry and Trade said this week that Thailand was willing to sell the grain at any price.
“We could see a price war, with Vietnam cutting prices, selling lower than Thai rates,” said Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association. The 5-percent Thai broken white grade, used as a reference price in Asia, tumbled 30 percent to $394 in the past year, according to data compiled by Bloomberg. Thai grain is currently quoted at about $365 to $370 a ton, lower than $385 in Vietnam and $420 in India, said Chookiat. His forecast for $350 would be the lowest since December 2007.
Cheaper rice may contribute to lower food costs, helping to damp inflation across Asia, where billions depend on the staple. Global food prices tracked by the United Nations fell 2.1 percent in the past year. Thailand, India and Vietnam, the three biggest shippers, accounted for 62 percent of the rice trade last year, the U.S. Department of Agriculture estimates. Rice is falling as wheat in Chicago rose 11 percent this year.
‘Cheaper rates’
“Now that Thailand is selling from government stockpiles at cheaper rates, trade inquiries have stopped,” said B.V. Krishna Rao, managing director of Kakinada, Andhra Pradesh-based Pattabhi Agro Foods Pvt., India’s largest exporter of non-basmati rice. “India’s export price needs to be dropped by $20 a ton to be competitive against Thailand.”
Tuesday, April 1, 2014
Urgent Sale by sole owner !
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Urgent Sale by sole owner ! |
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| Urgent Sale by sole owner ! |
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| Urgent Sale by sole owner ! |
20 acres of hospitality bound land in the eye of the Amazon of Asia Hinboun district Laos. 40 Km from Thai Lao Friendship bridge, and International Airport Nakon Phanom Thailand 35 km from Thakhek Special Economic Zone Highway 13 direct connected.
details Google+ jerrold phommachit
Price 500.000.00 US$ (500K)
Direct contact with Sole Owner
Tavanh Phommachit
+6642463597
+66942705183
fax.+6642464597
E.mail:jerrold_tavanh@yahoo.com
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