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Myanmar’s poorest state beckons investors

CHIN state’s underdeveloped infrastructure presents great opportunities for domestic and foreign investors if they do their homework, says a report that looks into business prospects in Myanmar’s poorest region. Min Zaw Oo, director of Chin State at the Directorate of Investment and Company Administration, said investors should not hesitate to invest in Chin state where […]

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Philippines: Supermarkets slow on rice importation

MANILA, Philippines — Almost a month after the interagency National Food Authority (NFA) council gave its nod, rice importation by supermarkets remains slow and still way below the 350,000 metric tons allocation. Agriculture Secretary and NFA Council chairman Emmanuel Piñol said of the allocated volume, only 15,000 MT has been approved which was applied by […]

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Thailand: SRT details investments

The State Railway of Thailand (SRT) has reported a total investment of Bt213.1 billion from year 2015 till now, SRT’s acting governor Warawut Mala said yesterday. The investments included Bt24.72 billion for a double rail system from Lopburi to Pak Nam Pho in Nakhonsawan province, followed by Bt85.34 billion on a rail route from Denchai […]

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Indonesia: Government starts discussing ‘Premium’ fuel price formula

The government has started its first meeting with state-owned energy holding company Pertamina to discuss a formula that will determine the price of Premium, Indonesia’s subsidized and cheapest type of gasoline. Deputy Energy and Mineral Resources Minister Arcandra Tahar said the new formula to determine the price would consider the cost structure. “Once the discussion in our ministry is completed, we […]

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