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Indonesia sets tariff ranges for Uber, Grab

JAKARTA — Indonesia has set minimum and maximum tariffs for online car-hailing services, aiming to ensure comparable pricing with conventional transport providers whose drivers have complained about being undercut by their newer competitors. Ride-hailing services such as US group Uber Technologies Inc, Southeast Asia’s Grab and Indonesia’s GO-JEK have heavily subsidised their drivers in Indonesia in order to gain market share […]

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Vietnam’s Q2 economic growth quickens, thanks to manufacturing

HANOI, June 29 – Vietnam’s annual economic growth rate quickened to 6.17 percent in the second quarter, government data showed on Thursday, as strong manufacturing growth offset a continuing slump in mining production. In January-March, the growth rate was 5.15 percent, the lowest in three years. Vietnam’s target for full-year 2017 growth is 6.7 percent. To […]

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Vietnam: National Economy Grew 5.73%

The Hanoitimes – The Vietnamese economy has grown 5.73% in the first half of 2017. However, for the whole year growth target of 6.7% to be attained, Vietnam will have to reach a GDP growth rate of at least 7.4% in the last 6 months. GDP grew better in the second quarter The  socio-economic data of the first […]

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Thailand: May exports quell worries

Exporters are more upbeat about the sector’s prospects after May’s strong performance, conceding that growth in shipments could hit 5% as projected by the government.  Visit Limlurcha, vice-chairman of the Thai National Shippers’ Council, says Thai exports may manage to grow more than the 3.5% growth forecast by the council if the world economy continues to […]

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Thailand: BoT expects 2017 growth to pick up

Thai economic growth in the second half is expected to outpace the first half’s rate, underpinned by a recovery in domestic demand, says a senior official at the Bank of Thailand.  “We [the Bank of Thailand] expect the Thai economy to grow better in the second half of this year from a stronger recovery in […]

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