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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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Singapore, Malaysia agree to defer HSR for two years; no RM500m penalty payment: Report

[KUALA LUMPUR] Malaysia and Singapore have reportedly struck an accord on the postponement of the Singapore-Kuala Lumpur High Speed Rail (HSR) project, with the agreement expected to be formally announced this week. The compromise, reached “in a spirit of good neighbourliness”, will see Malaysia being spared having to pay a RM500 million (S$168 million) penalty […]

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Time for Myanmar to grow away from illicit trade

Since initiating reform in 2011, Myanmar has made progress in rejoining regional and international communities – transitioning to a market economy, liberalising trade and investment and promoting industrial development.  Yet decades of political instabilities and civil unrest have sown the seeds of an extensive illegal economy, ranging from illicit trade in drugs, logging and mining […]

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Indonesia: Consumer confidence retreats 4.7% in August

A Danareksa Research Institute (DRI) survey shows that the consumer confidence index (CCI) in August has retreated from 101.6 to 97.5  following a 4.7 percent increase in the previous survey, with consumers responding more negatively on the current economic conditions. The two main factors that caused the CCI to decline were the present situation index (PSI) – consumer sentiment toward current conditions – and the expectations […]

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