It was reported recently that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020, expecting it to expand by 7.1 percent up from 6.8 percent in the previous fiscal year.
Since the COVID-19 outbreak, all eyes are on China and its response to containing the spread of the virus. On 31 December, 2019, the Chinese government reported that it was treating dozens of patients infected with a new virus. Just two weeks later, the first death was reported. As of today, more than 114,000 cases have been confirmed, of which 5,800 are classified as serious.
The ASEAN Post recently published an article on whether 2020 will be a good year for Myanmar’s economy. That article noted that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020; expecting it to expand by 7.1 percent up from 6.8 percent in the previous fiscal year.
Blockchain is an online distributed ledger which allows parties to conduct secure (encrypted) transactions on a decentralised platform where time-stamping ensures that every data is easily traceable. It functions on peer-to-peer networking where there is minimal third-party interference.Blockchain is not a concept, but a technical application to log data in a way that it cannot be changed or erased de-centrally.
Market research firm Canalys has named Indonesia as the fastest growing market for smartphones in Southeast Asia.
Anyone who shorted Chinese stocks, went long the yuan and loaded up on the country’s government debt has unexpectedly won big in 2018.Strategists across the board have been blindsided by China’s financial markets this year, where extreme moves mean the nation has hosted both the world’s best and worst performing assets all at once.
Indonesia, home to roughly 6 percent of Facebook Inc.'s users, isn't happy with the social-media giant. Officials there are even threatening to shut the service down after its latest egregious privacy scandal.That sounds like an ominous threat - but it's empty. In Indonesia, as across the developing world, Facebook is no longer just a platform for sharing photos and news.
The visit of the Secretary-General of ASEAN, Dato Lim Jock Hoi to Siem Reap on 4 April is indicative of the bloc’s positive impression towards Cambodia. Dato Lim was full of praise for the country and its leader, Prime Minister Samdech Hun Sen due to the big strides that has been made in terms of socio-economic development. Cambodia is one of the fastest growing member states in ASEAN with an improved quality of life.
The Internet of Things (IoT) comprises “a global network of computers, sensors, and actuators connected through Internet protocols,” according to Cuno Pfister, author of ‘Getting Stared with the Internet of Things’.
The Southeast Asian region, like every other part of the globe has had a tempestuous year in 2017 with many hurdles thrown its way. From the ongoing humanitarian crisis in Myanmar’s Rakhine State to Duterte’s war on drugs, it is undeniable that the region is still finding its footing on rights and democracy.While these issues may or may not see a resolution in 2018, there are other things that the Association of Southeast Asian Nations (ASEAN) bloc can look out for.
Most Asian markets rose on Thursday following gains on Wall Street, but with trading thin leading into the New Year break there was little to drive prices at the end of a stellar year for global equities.But analysts warned the dollar could face pressure despite expectations for more Federal Reserve interest rate hikes over the next 12 months."The dollar bears are getting their last licks in for 2017 perhaps foreshadowing of things to come in 2018," said Stephen Innes, head of Asia-
The global economy found its post-crisis footing in 2017, with most major developing economies surprising on the upside.Comparing 2017 predictions made a year ago versus the likely outturn – based on the latest forecasts in Bloomberg’s monthly survey – shows that the pessimists called this one wrong. One of the biggest surprises was the euro area, set for its strongest expansion in a decade.
