Monday, August 6, 2012
An energy magnate lauded as a rare "legitimate" tycoon in crony-dominated Myanmar has quietly lobbied for an end to Western sanctions -- except those targeting cronies who flourished under military rule.
Thursday, August 2, 2012
The World Bank on Wednesday pledged US$85 million in development grants to Myanmar and assistance for the former pariah state to clear its arrears as part of efforts to support political reforms.
Thursday, July 26, 2012
Tuesday, July 24, 2012
The Association of Southeast Asian Nations (ASEAN) will this November launch free-trade negotiations with six major trading partners to promote regional growth amid the slowdown of Western economies.
Sunday, July 22, 2012
Sri Lanka announced Saturday the completion of a US$2.6 billion IMF bailout, but it was seeking fresh loans to support an economy emerging from decades of ethnic war.
Thursday, June 28, 2012
Business executives around the world have become much more gloomy about the global economy as the eurozone crisis pounds on, according to a new survey released Tuesday by McKinsey & Co.
Friday, June 22, 2012
Russia's second-largest airline Transaero signed a US$1.7 billion deal Thursday to buy four Airbus A380 jets, becoming the first ex-Soviet region carrier to order the world's biggest passenger jet.
Thursday, June 21, 2012
Myanmar has signed a raft of oil exploration deals with foreign companies, state media reported Wednesday, as the reformist government seeks overseas investment to spur economic development.
Weakening economies that roiled markets last year also took their toll on the world's rich, and faster-growing Asia for the first time had more millionaires than North America, according to a study released on Tuesday.