Thai Deputy Prime Minister Somkid Urges CLMVT Master Plan

Cambodia, Laos, Myanmar, Vietnam and Thailand, the new drivers for Asean and Asian economic growth, should come up with a joint master plan for connectivity and key infrastructure development to strengthen the region’s competitiveness, says Deputy Prime Minister Somkid Jatusripitak.
“Given a combined population of 230 million people and average economic growth of 6-8%, the five countries are …

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These Are The Fastest Growing Economies In East Asia In 2017

The Philippines is just one growth engine for the region stretching from Japan to Singapore, and infrastructure booms are just one source of booming economies. Here are the countries that the World Bank projects will grow fastest in East Asia and the Pacific this year:
1. Laos. This impoverished country with a strict Communist government will grow 7% this year because of investment in the …

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PM Thongloun: ASEAN To Become World’s No. 4 Economy By 2030

A new economic order will emerge by 2030, with Southeast Asia taking on a central role, Laotian Prime Minister Thongloun Sisoulith told business leaders in his nation’s capital on Monday.
“Studies have shown that the ASEAN economy is expected to grow at 7% per annum, with a GDP reaching $4.7 trillion in 2020, and the possibility of becoming the fourth-largest economy in the world by 2030,” Thongloun said in his …..

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ASEAN Split On How to Deal With China In South China Sea Row

Southeast Asia’s main grouping opened a meeting of their foreign ministers Sunday, deeply divided on how to deal with China’s territorial expansion in the South China Sea that has impacted some of its members and whipped up an increasing diplomatic quagmire.
Laos is hosting the gathering of the 10-nation Association of Southeast Asian Nations, which traditionally ends with a joint statement. But the sticking point is whether to include a reference to the ….

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