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Thailand: Government downplays fears on economy

The government has moved to ally fears about the state of the economy, insisting the country is not in recession. Government spokeswoman Narumon Pinyosinwat said some critics are relaying inaccurate descriptions of the state of the economy. Certain civic groups have said the country has slid into recession, which is incorrect. A recession is when […]

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Significant investment, substantial roadblocks stand in way of Indonesia’s capital relocation

INDONESIA’S decision to relocate its capital may face environmental road-blocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions. The analysts cited early estimates by the Indonesian government, which mentioned that construction of the new capital will cost about 466 trillion rupiah (S$46 billion). It is also expected to take […]

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Myanmar: MP proposes reduction of liquor tax

Excise taxes on foreign liquor should be reduced from the current level of 60 pc to balance between deterring illegal imports and boosting tax revenues, U Bo Bo Oo, Pyithu Hluttaw MP from Sanchaung township told Parliament last week. “The special commodity tax should be reduced to prevent illegal trading and control the sale of […]

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