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Vietnam: Trimmed interest rates might affect NIMs: experts

Commercial banks which have cut interest rates for short-term lending following the State Bank of Vietnam’s cue might suffer a further decline in the net interest margin (NIM), experts said. On July 7, the State Bank of Vietnam decided to cut the annual maximum refinancing interest rate, rediscount interest rate and overnight interest rate applied to electronic inter-bank payments. It also cut […]

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Indonesia: No Gas Imports Needed for Indonesia In 2019

TEMPO.CO, Jakarta – Indonesian State Officials predict that the country does not need to import gas in 2019. This is because there are extra productions from three fields, Jangkrik, Tangguh Train 3, and Masela Block. Directorate General of oil and gas, I Gusti Nyoman Wiratmaja Puja, claimed that the success of the fields that were designed to produce […]

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Malaysia, Indonesia discuss outstanding bilateral trade issue

KUCHING: The third Malaysia-Indonesia Joint Trade and Investment Committee (JTIC) Ministerial Meeting in Kuching on Thursday discussed several key outstanding issues affecting bilateral trade between Malaysia and Indonesia, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said the meeting, among others, reviewed the 1970 Border Trade Agreement: trade restriction on Tebedu-Entikong border; […]

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Malaysia’s economy to continue to improve in Q2

KUALA LUMPUR: Malaysia’s economy is expected to further improve in the second quarter (Q2) of this year with exports likely to increase amid continuous strong domestic demand and private expenditure as seen in the first quarter. Minister in the Prime Minister Department, Datuk Seri Wee Ka Siong, said Q1’s gross domestic product (GDP) growth of […]

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Myanmar: Government to repay debt of US$600 million in 2017-18

Debts accumulated under Myanmar’s previous Union Solidarity and Development Party are now due, 2 years after the current National League for Democracy government came into power. Despite debt relief provided by Paris Club countries during former President Thein Sein’s USDP administration, Myanmar still owed US$8.98 billion in outstanding foreign debt as at 31 December 2016, […]

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Return migration no impact on Thai-Myanmar trade

Despite the decline in import flow from Thailand at the Myawaddy border trade camp, the return of Myanmar workers from Thailand last month has no significant impact on bilateral trade, assistant secretary of the Ministry of Commerce (MOC) U Khin Maung Lwin told The Myanmar Times. Myanmar migrant workers without documents have been returning to their […]

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