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Bank Indonesia: July’s Retail Sales Decline

TEMPO.CO, Jakarta – A survey conducted by Bank Indonesia (BI) shows that retail sales in July declined as the public consumption returned to normal after Ramadan and Eid al Fitri. The fact is reflected by the real sales index (IPR) that stood at 209.9 in July 2017, declining by 3.3 percent year-on-year. “The declining retail sales occurred in the food and non-food groups,” the central bank (BI) reported yesterday, Sept. 11. On the regional basis, the decline in IPR occurred […]

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ASEAN firms up RCEP stance, engages 6 dialogue partners

MANILA, Philippines — The 10-member Association of Southeast Asian Nations (ASEAN) have come out with a unified stance on the parameters for the Regional Comprehensive Economic Partnership (RCEP) following the conclusion of the ASEAN Economic Ministers’ (AEM) Meetings in Manila yesterday, with the ball on how to move things forward now in the hands of […]

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Malaysia: Palm oil stocks rise 8.8% in August

KUALA LUMPUR: Malaysia’s total palm oil stocks in August 2017 rose 8.79% to 1.94 million tonnes from 1.78 million tonnes in July. Crude palm oil (CPO) stocks also increased by 12.58% to 1.06 million tonnes during the month from 938,502 tonnes in the preceding month. Stocks of processed palm oil increased 4.59% to 885,430 tonnes […]

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Vietnam: Consumers increasingly tech-savvy: Nielsen

HANOI —Vietnam is home to a growing number of tech-savvy “connected consumers” that global corporations will increasingly seek to court, according to a study conducted by Nielsen in cooperation with Demand Institute. The study found that companies looking for growth opportunities are increasingly unable to target the traditional middle class, whose incomes have grown sluggishly […]

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Cambodia’s backbone is still the agriculture sector

Jayant Menon, lead economist for regional trade and cooperation at the Asian Development Bank in Manila, recently spoke to Khmer Times’ Sok Chan, and outlined how Cambodia could stay competitive by increasing its productivity. KT: Cambodia’s main exports are garments, footwear and agricultural products destined for markets in the European Union and the US. How will […]

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