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Myanmar looks East

The government of Myanmar has launched a major investmentdrive centred on Asian countries in the face of declining interest from the West. “We must be proactive and seek the sort of investment that is good for the country,” Thaung Tun, head of the Myanmar Investment Commission (MIC), who is spearheading the campaign, told Asia Focus in an exclusive interview. A […]

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Indonesia’s 3Q GDP growth slows as exports fade

JAKARTA: Indonesia’s economic growth slowed in the third quarter, losing momentum after the previous quarter’s pick up and pointing to tougher conditions for the Southeast Asian economy, which has struggled with outflows from its financial markets. Gross domestic product (GDP) expanded 5.17% in the July-September quarter from a year earlier, the statistics bureau said on […]

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Indonesia: Govt ensures stable chili supply, price

The Agriculture Ministry is confident that the domestic price and supply of chilies will remain stable and adequate during the Christmas and New Year holidays, thanks to the collaboration of major chili farmers in key producing regions. “These champion chili farmers are the key to maintaining an adequate supply,” said Mardiyah Hayati, the Agriculture Ministry’s head of chili, vegetables and fruit division, on Saturday as […]

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Vietnam: Need for logistics space at all-time high

HANOI (Viet Nam News/ANN) – The reliance and need for logistics space was at an all-time high, driven by advancements in the e-commerce sector, according to real estate and investment management services firm Jones Lang Lasalle (JLL). JLL said that logistics were a crucial component of the Vietnamese e-commerce market to succeed and reach its full […]

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Philippines: Banks ordered to monitor deposit accts used in online transaction

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is clamping down on online foreign exchange brokerage and trading platforms organized abroad to protect the interest of investors. BSP Governor Nestor Espenila Jr. issued Memorandum M-2018-032 reminding all banks to deal only with companies involved in or operating online foreign exchange brokerage and trading platforms that are authorized or licensed by, […]

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