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AseanPlus News

Rapid growth will benefit neighbours

CHINA#8217;S rapid economic upswing will offer unprecedented market opportunities for neighbouring economies in East and Southeast Asia in the coming two decades, said a senior expert with the Asian Development Bank (ADB).

Business

Iraq war to slow E. Asia growth

East Asian economies grew a robust 6.1% in 2002 but face tougher times from higher oil prices this year if a war in Iraq drags on, the Asian Development Bank (ADB) said yesterday.

Business

Slower China growth will hurt rest of Asia

Asian economies may be hurt by a slowdown in China's growth rate as caused by the spread of the Severe Acute Respiratory Syndrome (SARS) virus.

Business

Asia economic outlook still world's brightest

Despite the impact of the deadly Severe Acute Respiratory Syndrome (SARS) virus, Asia#8217;s developing economies would still outperform the rest of the world with 5.3%growth this year, although that#8217;s down from 5.7% in 2002, the Asian Development Bank (ADB) said.

AseanPlus News

Tackle fear of SARS, Asian nations told

ASIAN countries should fight the fear caused by severe acute respiratory syndrome (SARS), which could bring negative impact to economic development, experts said in Beijing on Tuesday at a forum called 'SARS and Asia's Economy - Impacts and Policy Recommendations.'

Business

ADB sees robust growth for Asia

The Asian Development Bank (ADB) tempered optimism yesterday about a near-term pick-up in Asian economic growth with a warning that the region still faces many risks, not least because the scars of the 1997/98 financial crisis have yet to heal.

Business

Jamaludin: M’sia can grow faster than 4.5% next year

MALAYSIA will grow faster next year than the 4.5% expected this year, said Second Finance Minister Datuk Dr Jamaludin Jarjis. This is in view of the more optimistic gross domestic product (GDP) growth outlook for the Asian region this year of between 4.3% and 4.9% by the Asian Development Bank (ADB), which exceeded original projections.

Business

Public Bank: Tourism industry to remain positive

MALAYSIA#039;S tourism industry is expected to remain positive and intact despite the adverse impact from the recent global events like the US-Iraq war, the Severe Acute Respiratory Syndrome (SARS) outbreak and the recent Jakarta bombing.

Business

ADB: Asian GDP to rise next year

Asia's economies have largely shrugged off the impact of SARS and are on course to post stronger growth next year, but investment is set to remain subdued due to a rash of upcoming elections and some structural obstacles, the Asia Development Bank (ADB) said yesterday.

AseanPlus News

APEC to look at tougher measures against SARS

Twenty cameras scan travelers as they arrive in the immigration halls at Singapore's Changi International Airport, translating them onto screens as ghostly outlines with blue, green and yellow skin.