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Thailand: Infrastructure hikes land prices

PROPERTY DEVELOPERS are looking for land in four locations next to the planned Bt500-bn infrastructure network of the Eastern Economic Corridor(EEC), say market experts. Asides from the close proximity, these areas come with the convenience of modern living including shopping areas, efficient transportation, hospitality venues, and lifestyle zones.  “In the vincinty of digital park, Sriracha […]

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Philippines eyes extra imports of Thai rice amid ‘crisis’

MANILA: The Philippines’ agriculture minister said on Monday he has proposed the importation of an additional 132,000 tonnes of rice by the private sector to address “very limited” supplies of the staple food in the country’s southern provinces. Agriculture Secretary Emmanuel Piñol said he had formally recommended the “special” importation to President Rodrigo Duterte, and […]

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PetroVietnam to delay divesting stake at gas supplier PV Gas

The Hanoitimes – Instead of divesting at PV Gas, state-run Vietnam Oil and Gas Group (PetroVietnam) will focus on divesting stake at other subsidiaries. PetroVietnam plans to delay divesting state at its subsidiary energy firm PetroVietnam Gas (PV Gas) beyond 2020, VnExpress reported.  The move is part of PetroVietnam’s restructuring plan in the 2017 – 2025 […]

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Brokerage predicts VND to devalue by around 3% in 2018

The Hanoitimes – In order to maintain the competitiveness of export products, the exchange rate still needs an adjustment at a moderate level. Bao Viet Securities Company (BVSC) in its latest report predicted that the Vietnamese dong (VND) will depreciate by around 3% in 2018.  In BVSC’s calculation model, the growth of Vietnam’s nominal effective exchange […]

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