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NEWS UPDATES Asean Affairs   20 December 2012 

World Bank sees continued 'healthy' growth in Cambodia


Cambodia is projected to have the second fastest-growing economy in Southeast Asia over the next two years, the World Bank said in a regional economic update yesterday.

Gross domestic product, a country's total output of goods and services adjusted for foreign income, is forecast to expand 6.7 per cent next year and 7.0 per cent in 2014. That compares with an estimated 6.6 per cent this year.

"The country's future prospect is seen to remain healthy with forecasted medium-term growth averaging about 7.0 per cent per annum over the next five years," the bank said.

Among Asean countries, only Laos is forecast to post faster growth than Cambodia over the next two years.  Lao GDP growth is forecast at 7.5 per cent in both 2013 and 2014, down from an estimated 8.2 per cent this year.

Among other Asean economies, Myanmar is forecast to  grow by 6.5 per cent next year followed by Indonesia at 6.3 per cent, the Philippines at 6.2 per cent and Vietnam at 5.5 per cent. Thailand and Malaysia are both forecast to grow by 5.0 per cent with Singapore expanding only 2.0 per cent. Forecasts for Brunei weren't available.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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