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Thai–Vietnam trade expected to reach $20 bn by 2020

THE TARGET for bilateral trade between Thailand and Vietnam has been set at US$20 billion by 2020, said Thai-Vietnam Business Council’s president Sanan Angubolkul during an interview with The Nation yesterday.  In 2017, Thai-Vietnamese bilateral trade stood at US$16 billion in total value. Of which, Thailand exported up to US$11 billion worth of products to […]

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Indonesia to sign sales and purchase agreement on Freeport

The government and American mining giant Freeport-McMoran (FCX) plan to sign a sales and purchase agreement on Thursday afternoon in what would be another step toward majority ownership of PT Freeport Indonesia (PTFI) by state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum). The agreement is one of three required for the divestment process of PTPI’s shares. The two […]

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Thailand: ADB hikes Thai GDP outlook on strong H1

The Asian Development Bank (ADB) has raised Thailand’s economic growth forecast to 4.5% this year and 4.3% in 2019 after robust growth of 4.8% in the first half amid improving economic prospects.  “Looking ahead, we see high consumer confidence supporting domestic demand and the government’s welfare programme for low-income earners helping prop up domestic demand, ” Thiam […]

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Cambodia: Kingdom mulls tax as e-commerce booms

The Cambodian government is studying the possibility of introducing a tax on e-commerce sales and designing policies to support the expansion of the sector, as online trade is accelerating economic growth in the Kingdom. The comments came on Wednesday at a discussion seminar on online taxation, or e-tax, led by Finance Minister Aun Pornmoniroth. The conference focused […]

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