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Philippines: Debt watchers raise Phl growth outlook

MANILA, Philippines –  Debt watchers Fitch Ratings and S&P Global Ratings raised the Philippines’ gross domestic product growth forecast over the next two years after a stronger-than-expected performance last year. Fitch expects the economy to sustain its strong growth momentum, raising the GDP growth forecast to 6.8 percent and 6.7 percent in 2017 and 2018, […]

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Vietnam: $1.9b trade deficit posted in Q1

HANOI — Vietnam reported a trade deficit of US$1.9 billion in the first quarter (Q1) of this year, the General Statistics Office (GSO) announced on Wednesday. During the first three months of 2017, total export value grew 12.8 per cent to $43.7 billion compared to the same period last year, while the total import value […]

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Myanmar SMEs to get a boost from Thai bank

Market competitiveness of small and medium enterprises in Myanmar which operate in traditional ways will be developed under an MoU signed between the Central Department of Small and Medium Enterprises Development  (CDSMED) under the Ministry of Industry and KASIKORNBANK (KBank) of Thailand. SMEs are weak in market competitiveness, technology, financial management and market compliance of […]

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Cambodia takes bite out of app market

People can now order food and drinks with their smartphone after a Cambodian-developed e-commerce application called Tesjor came into operation.  Logan Sean, chief operating officer of Pathmazing, that developed the Tesjor app, said the application allows customers a choice of either dining in or getting takeaways, along with the option of delivery at a specified […]

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Thailand: King Power budgets B10bn for five years

King Power Group, the country’s largest duty-free operator, plans to spend 10 billion baht for business expansion over the next five years, aiming to become a top five global chain. Chief executive Aiyawatt Srivaddhanaprabha said the budget will be used to open five duty-free branches in Thailand and overseas, bringing its total to 14 by […]

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