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Indonesia records 0.05 percent deflation in August

Indonesia recorded deflation of 0.05 percent in August on the back of decreasing foodstuff prices, while the start of the school year resulted in inflation in the education spending category, Statistics Indonesia (BPS) announced on Monday. August’s deflation is in contrast to the 0.28 percent inflation recorded in the previous month. The latest figure brought year-to-date (ytd) inflation to 2.13 percent, while year-on-year […]

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Myanmar: Domestic rice prices hit record levels

The price of high quality domestic rice has risen the most in five years, driven by rising demand, inflation and potential price manipulation, local traders said. According to data from the Myanmar Rice Federation and Myanmar Rice and Paddy Traders Association, a bag of Ayeyarwady Paw San rice had hit K52,000 in August, which is […]

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Lazada aims to double sales in Philippines

MANILA, Philippines — Southeast Asia’s biggest e-commerce portal Lazada is aiming to double its sales in the Philippines this year with the launch of LazMall which seeks to offer a premium shopping experience. “Our ambition is to grow, to double the business this year at least,” Lazada Philippines chief executive officer Ray Alimurung said. He […]

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Indonesian steel products get tariff exemption from US

The United States has made the decision to exempt 19 Indonesian steelproducts, namely carbon and alloy and stainless steels, from its 25 percent tariffs, Trade Minister Enggartiasto Lukita has said. The US government’s decision was made on Aug. 2, said Enggartiasto, claiming that it came as a result of an Indonesian mission to Washington from July 23 to 27. Led by the minister himself, the mission included a meeting on trade issues with […]

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