A new mining law in the Philippines is expected to boost the government's tax revenue, but has also alarmed the mining industry which has now developed a new mistrust in the country's legal environment.
In line with positive equity market performance, the Malaysian unit trust industry is expected to grow at double-digit rates over 2013 and to no less than a net asset value of $258.5 billion by 2020 as per Malaysia's Capital Market Masterplan.
Argentina is a nation of immigrants with foreign communities heavily marking its culture. Walking through Buenos Aires’ neighbourhoods brings to light that it also has a vibrant Southeast Asian community.
With an agreement on ten new cooperation projects sealed earlier in 2013, Argentina and Thailand - though geographically quite far apart from each other - are now moving increasingly closer on the South-South axis.
Vietnam has one of the best records worldwide in combating poverty, according to World Bank data. The government in Hanoi has set the target to reduce poverty to 7.6 per cent in 2013 from 22 per cent in 2007.
Pressure on state finances caused by huge spending on fuel subsidies has forced the government in Jakarta to announce a 45 per cent increase of petrol prices for later in 2013. A risky, but necessary move.
Remittances from Overseas Filipino Workers (OWF) remained strong during the first quarter of 2013. The Philippines Central Bank forecasts a solid 5 per cent annual increase in remittances volume for the full year.
While the northern hemisphere has been struggling to solve internal crunches, new trade, investment and cooperation axes were being formed globally. In this scenario, ASEAN and Latin America are moving closer.
In the wake of sound domestic growth, Myanmar’s energy sector is firmly catching international attention due to its huge potential. However, the country needs deeper economic reforms to protect investments.
Myanmar has been striving for decades the expansion of its gems market. With increasing international demand, the local industry is moving ahead and held the first International Jewellery Expo in May 2013.