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Asean

Which is Southeast Asia’s Newest Boom Economy ?

Yet no economy in Southeast Asia appears to be more immune to this year’s global economic slowdown. Laos is on track to post an impressive 8.3% growth rate in 2012,

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Pop quiz: Which country is likely to have the fastest-growing economy in Southeast Asia this year? Indonesia, the region’s emerging powerhouse? Myanmar, investors’ flavor of the month as it opens to the Western world? Or maybe Thailand, which is rebounding nicely from last year’s epic floods?

Wrong on all the above. The correct answer is Laos, which for years has been overlooked as too small, too complicated, and in many cases just too weird to merit serious attention from mainstream investors.

Yet no economy in Southeast Asia appears to be more immune to this year’s global economic slowdown. Laos is on track to post an impressive 8.3% growth rate in 2012, according to the International Monetary Fund, which would almost certainly put it at the top of the table for Southeast Asia given what’s happening elsewhere in the region.

Cambodia is on track to come in second with 6.5% growth, the IMF says, followed by Myanmar at 6.2%. Indonesia and Thailand are roughly in the same ballpark.

via Make Way for Southeast Asia’s Newest Boom Economy – Southeast Asia Real Time – WSJ.

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Banking

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Tech

Global fashion e-tailer Shein launches new hub in Singapore

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Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

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