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Southeast Asia: Export Boom Continues

Southeast Asian nations are benefiting from the return of global growth, with more room to grow capacity and exports—even as wages trend upward. Exports are booming for many of the 10 members of the Association of Southeast Asian Nations (ASEAN). The bloc is now the sixth largest economy in the world, with a combined GDP […]

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Thailand: Private sector urges BoT to act on baht

The private sector has asked the government and the Bank of Thailand to hold a meeting on finding ways to curb the baht’s rapid gains, which is putting the baht among the top-performing currencies in Asia. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will propose next week that policymakers meet, said committee […]

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Myanmar should focus on industrialisation, export strategy for better value

Dr Vilem Semerak, researcher and lecturer at the Institute of Economic Studies of Charles University in the Czech Republic, reckons Myanmar should abandon its import substitution policies and start thinking ahead. Import substitution advocates replacing foreign imports with domestic production. During his presentation on trade, industrialisation and growth in Myanmar for 2018 at the Mandalay […]

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Indonesia: Business group supports end to ship-sinking policy

The Indonesian Chamber of Commerce and Industry (Kadin) has expressed its support for Coordinating Maritime Affairs Minister Luhut Pandjaitan and Vice President Jusuf Kalla’s call to put an end to the illegal boat-sinking policy. “There’s should be a limit [for the boat-sinking policy]. Besides, it can contributes to sea pollution,” said Kadin deputy chairman of fisheries […]

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World Bank keeps 6.7% growth forecast for Philippines

MANILA, Philippines — The World Bank (WB) has maintained its 6.7 percent growth forecast for the Philippines until 2019, still on the back of strong fundamentals and a monetary policy supportive of growth. In its January 2018 Global Economic Prospects report, the multilateral finance institution sees the domestic economy consistently growing by 6.7 percent from […]

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