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Malaysia: June IPI rises 1.1pc

KUALA LUMPUR: Malaysia’s Industrial Production Index for June 2018 increased marginally by 1.1% as compared with the same month of the previous year. The growth of IPI in June 2018 was supported by an increase in the Manufacturing index (4.5%) and Electricity index (3.0%).  The mining index, meanwhile, posted a decrease of 9.4% from a […]

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Philippines: Monetary policy ineffective vs supply-driven inflation — NEDA

MANILA, Philippines — An aggressive monetary policy could prevent second-round effects of rising inflation,  but would have little impact on nipping the source of domestic inflationary pressure, the National Economic and Development Authority (NEDA) said yesterday. Socioeconomic Planning Secretary and NEDA Ernesto Pernia said rising inflation is primarily caused by issues in the supply side […]

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PTTGC seeks to ride rising Asean demand

PTT Global Chemical Plc (PTTGC) is studying a greenfield project that will serve strong demand for petrochemical products in Asean countries. The company says demand is particularly strong in Vietnam, with broader Asean demand for plastic pellets showing a sustained increase. It plans to set up sales offices in Indonesia and Myanmar in order to […]

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Myanmar: Fixing the tourism industry

The govt wants to lure tourists back to Myanmar. Will its efforts work?  The Myanmar tourism industry has suffered from a big drop in tourists due to the unfolding refugee crisis in northern Rakhine. With the number of visitors from the US and Europe declining sharply over the past year, some tour companies and hoteliers […]

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