The Sarawak Convention Bureau aims to bring Sarawak to the forefront as a competitive destination for international meetings.Inside Investor talked with Managing Director Mike Cannon about the latest developments.
The latest data from the General Statistics Office of Vietnam indicates that inflation in Vietnam accelerated to 2.2 per cent in September over August 2012, the fastest pace that had been seen in 16 months in the country.
Asia is moving toward a self-sustaining cycle with on-going trade surpluses, with banks in better financial shape than in the West. Banks in developing countries are looking forward to a decade of profitable growth.
Taking a look at the recent Asia Pacific GDP growth statistics you could be forgiven for thinking that there are storm clouds on the horizon. All the major countries in the region have had their GDP forecasts revised downwards.
Singapore has experienced a shift in capital over the past five years, with more money flowing into non-residential strata properties as investors start to view them as an alternative to residential properties.
Intellectual property laws are still weak throughout Southeast Asia, despite some countries stepping up measures for better protection of trademarks and patents. However, counterfeit goods seem to remain an ever-thriving industry.
Over the past five years, Bangkok has welcomed 1.25 million square meters of new retail space, an increase of nearly 25 per cent, bringing the Thai capital much closer towards its goal of being a shoppers’ paradise.
Indonesia’s lagging 2012 stock performance looks nothing like its stellar 2011 track record yet - but is the country truly on the way down or is it time to take advantage of low valuations? Citigroup sees 15 per cent upside potential for the rest of the year.