The BRICS countries will continue to see robust economic growth in 2011, said the International Monetary Fund (IMF).
The world output is projected to rise by 4.4 percent this year, while emerging and developing economies will grow at a much higher 6.5 percent, said the IMF in its latest World Economic Outlook report (WEO).
Among them, China’s economic growth is expected to remain robust at 9.6 percent this year and 9.5 percent in 2012, with drivers of China’s growth shifting increasingly from public to private demand, said the report.
With respect to India, its output is projected to grow 8.2 percent in 2011 and 7.8 percent in 2012.
Compared with China and India, Russia and South Africa is going to see a relatively moderate growth in the next two years. Russia’ s output is expected to grow 4.8 percent this year and 4.5 percent in the next year. South Africa, a new member of BRICS, is projected to rise 3.5 percent in 2011 and 3.8 percent in 2012.
However, the predicted growth rate of the two countries in 2011 and 2012 is stronger than what they achieved last year.
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
Asia-Pacific sees 3.9% growth in deal activity in February 2021
The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.
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