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Asia to Lead World Growth Until 2010, Economist Says.
Byline: Darana Chudasri
Jan. 13--Economic growth for Asia is expected to average between 5 percent and 6 percent a year until 2010, leading global growth, according to Olarn Chaipravat, the chairman of the Shinawatra University council.
China was expected to lead growth for the region at an average rate of 7 percent to 8 percent, he told the 7th International Conference on Global Business and Economic Development last week.
Six other Asian countries -- South Korea, Malaysia, Thailand, Taiwan, the Philippines and Indonesia -- were expected to post growth of 4 percent to 6 percent, with Singapore and Hong Kong averaging growth of 3 percent to 4 ...
- Thailand on Verge of Being Net Creditor Nation.
- Newspaper article from: Knight Ridder/Tribune Business News June 25, 2003 700+ words
...for the nine countries, with a range of 2.4 percent to 18.5 percent. Imports were projected to average 6.6 percent growth, with a range of 0.1-14.6 percent. Dr Olarn said growth would result in Thailand having a balanced net foreign...
- Asia to Lead World Growth Until 2010, Economist Says.
- Newspaper article from: Knight Ridder/Tribune Business News January 13, 2003 700+ words
...Hong Kong averaging growth of 3 percent to 4 percent each. Dr Olarn, an economist and former president...industrialised countries is weak." Dr Olarn noted that exports from Thailand...East Asia represented around 50 percent of total exports. Tourists...
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 12, 2007 700+ words
...dollar over the past two years. Dr Olarn, now an adviser to the Finance...local currency has gained 4.8 percent against the dollar this year and more than 16 percent since January 2006. Dr Olarn said the baht should weaken...
- Thailand to Waive Taxes on New Bond Issue for Non-Residents.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) September 5, 2003 700+ words
...strengthening Asian bond markets. Dr Olarn, who has studied the issue for the...in onshore baht bonds. Taxes of 15 percent on interest income and 10 percent...Apec finance ministers' meeting, Dr Olarn said many countries, including Japan...
- Finance Forum Focuses on Asian Bonds.
- Newspaper article from: Knight Ridder/Tribune Business News June 14, 2004 700+ words
...new sovereign debt," Dr Olarn said. "But there remains...manage potential risks. Dr Olarn said work was moving forward...agreed to waive the 15 percent withholding tax for foreign...regional investment needs." Dr Olarn said that in the initial...
- Higher tax breaks proposed to encourage public savings in Thailand.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 30, 2004 700+ words
...provident funds of up to 15 percent of taxable earnings or...taxable income each year. Dr Olarn said the contribution...employees and employers to 5 percent from 3 percent now. "Increasing contributions...account balance, said Dr Olarn, a former president...
- Vayupak Fund to buy bargain shares in listed Thai state enterprises.
- Newspaper article from: Knight Ridder/Tribune Business News September 2, 2004 700+ words
...be purchasing more," Dr Olarn said. The 10-year closed...Airways International. Dr Olarn said the fund would raise...baht, on thin trade. Dr Olarn said trading liquidity...a minimum dividend of 3 percent per year. To see more...
- Thailand hotels urged to raise capital the new way.
- Newspaper article from: Knight Ridder/Tribune Business News September 8, 2004 700+ words
...the Finance Ministry. Dr Olarn, a former president of...financing future growth, Dr Olarn said. "In the past...reduce business risks. Dr Olarn said hotels and tourist...growth projected at over 20 percent over the next five years...
Source: HighBeam Research, Asia to Lead World Growth Until 2010, Economist Says.