The Belt Road Initiative (BRI) is an ambition that undoubtedly turns heads and raises eyebrows – but for vastly different reasons.Plans are already underway – ports, roads, rail infrastructure, oil and gas pipelines, fibre optics networks – and slowly, China’s estimated five trillion-dollar ambition is taking shape.
Thailand’s economic growth could once again exceed 4 percent this quarter with a subsidy for the poor boosting consumption, a senior finance official said.“They spent almost 100 percent” of the money, said Suwit Rojanavanich, director-general for the Finance Ministry’s fiscal policy office, referring to 10 million low-income earners who started receiving as much as 300 baht (9 dollars) a month in October.The program is very successful and along with state spending and investment will boost gr
Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing.Highlights of GDP Report Gross domestic product rose at a seasonally adjusted, annualised rate of 8.8 percent in the third quarter from the previous three months, higher than an earlier estimate of 6.3 percent Median estimate of nine economists in a Bloomberg survey was for 7.8 percent gain GDP increased 5.2 percent
