Written by Published in Economy
A Myanmar migrant worker is silhouetted on one of the floors of a wooden fishing boat as he repairs it at a large shipyard in Ranong, southern Thailand, October 26, 2014. Photo: Barbara Walton/EPA
A Myanmar migrant worker is silhouetted on one of the floors of a wooden fishing boat as he repairs it at a large shipyard in Ranong, southern Thailand, October 26, 2014. Photo: Barbara Walton/EPA

The Thai government has decided not to implement a mooted plan to get prisoners to work on fishing vessels in the wake of criticism of the idea by labour and human rights groups, according to a recent press release from the Thai foreign ministry January 19.

Written by Published in Economy
Motorists lines up for fuel at a gas station in Gombak, outside Kuala Lumpur, Malaysia, 01 October 2014. EPA/AZHAR RAHIM
Motorists lines up for fuel at a gas station in Gombak, outside Kuala Lumpur, Malaysia, 01 October 2014. EPA/AZHAR RAHIM

KUALA LUMPUR (AFP) - Malaysia trimmed its 2015 growth forecast January 20 and said its fiscal deficit would be wider than expected after the sharp fall in global oil prices threw a wrench in the petroleum-exporting nation's economic plans.

Written by Published in Economy
French Finance Minister Michel Sapin attends a conference on Finance for Growth, towards a capital markets Union, at EU commission headquarters, in Brussels, Belgium, 06 November 2014. Photo: EPA/OLIVIER HOSLET
France and Singapore have joined hands to try to prevent tax evaders from hiding their assets in the Asian financial hub. French Finance Minister Michel Sapin attends a financial conference at EU commission headquarters in Brussels, Belgium, November 6, 2014. Photo: Olivier Hoslet/EPA

SINGAPORE (AFP) - France lauded Singapore for entering into a new pact that tightens measures against foreign tax cheats seeking to hide their assets in the Asian financial hub.

Written by Published in Economy
 Aerial view of Taipei 101 as shown by this 2005 photo provided by the Taipei Financial Center Corp. on 01 January 2010, in Taipei, Taiwan. Photo: EPA
Aerial view of Taipei 101, formerly known as the Taipei World Financial Center,Credit EPA

Myanmar tops the list of markets identified by the Taiwan External Trade Development Council (TAITRA), the island’s semi-official trade promotion body, as holding the largest potential for growth.

Written by Published in Economy
Myanmar-farmers
Farmers work in a maize field near Nay Pyi Taw, May 27, 2013. Myanmar's main industry is agriculture, with over 60 percent of the population living in rural areas. Photo: Lynn Bo Bo/EPA

Developing Myanmar’s agricultural sector to encompass food processing and other related services could modernise and boost the country’s economy, enabling it to produce higher-value goods for export, according to a new OECD report released January 14.

Written by Published in Economy
People walk past a building in downtown Yangon where Myanmar's government hopes to locate the country's first stock exchange, on January 14, 2014. Myanmar plans to open the stock exchange in October, as the emerging economy takes another step towards opening up after decades of isolation. Photo: Soe Than Win/AFP
People walk past a building in downtown Yangon where Myanmar's government hopes to locate the country's first stock exchange, on January 14, 2014. Photo: Soe Than Win/AFP

YANGON (AFP) - Myanmar's deputy finance minister has said the country will launch its first official stock exchange by October, as the emerging economy takes another step towards opening up after decades of isolation.