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Thailand: World Bank keeps wary outlook

The country’s underlying productivity challenges are expected to cap Thai economic growth at a mere 3.4% in 2019, the World Bank says. The Washington-based lender is maintaining its forecasts for Thai GDP growth of 3.2% this year and 3.3% in 2018, with the rate rising a bit to 3.4% in 2019, according to the World […]

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Laos eases investment terms to boost economy

A NEWLY amended investment promotion in Laos will cut by half the maximum investment period for new concession projects to 50 years, down from previous requirement of 99 years. The move is aimed at maximising investment benefits for the Lao economy, said an official from the Ministry of Planning and Investment involved in the drafting […]

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Indonesia: BRI Strives to Maintain Strong Presence in ASEAN

TEMPO.CO, Jakarta – State-owned lender Bank Rakyat Indonesia (BRI) is aiming to become the most valuable bank in Southeast Asia by 2022, as set forth in its corporate plan for 2018-2022. BRI deputy president director Sunarso said that to achieve the target, the company will improve some indicators, including increasing the bank’s net profit within five […]

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