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Asia’s smallest economies among fastest growing nations

  Bloomberg Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts released this week. Among the least developed countries, the combined size of the three ...

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Indonesia coal output to surpass target this year as prices recover

  Bloomberg Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489 million metric tons this year, 18 percent above the government-mandated target, according to energy ministry forecasts. That’s up from last year’s output estimated at 434 million tons and would ...

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China iron ore imports reach record high

  Bloomberg Iron ore imports by China surged to a record above 1 billion metric tons last year as unexpectedly strong steel production and lower local mine output combined to fire up demand in the world’s top buyer for cargoes from Australia and Brazil, supporting a rebound in prices. Asia’s top economy imported 1.024 billion tons in 2016, up 7.5 ...

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