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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. Â 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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Vietnam needs to revise FDI policy to attract investment

The Hanoitimes – Experts said that it is time for Vietnam to adopt a completely new foreign direct investment (FDI) attraction strategy in accordance with the new situation in order to boost the effectiveness and spillover effect of FDI in the future. Despite the negative indications in the beginning of the year, including the unilateral withdrawal […]

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