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Malaysia extends tax breaks to select firms, eyes investments

KUALA LUMPUR (Nikkei Markets) — Malaysia Tuesday extended tax benefits to companies seeking to establish their regional or global headquarters in the country as part of a broader push to attract investments and create high-skill jobs when a lingering U.S.-China trade war clouds exports prospects and has prompted several multinationals to re-look at their supply […]

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Indonesia On Track for $133b Digital Economy by 2025: Google

Jakarta. Tech giant Google and Singaporean wealth fund Temasek have updated their projection for Indonesia’s internet economy to reach $133 billion in total value by 2025, 33 percent higher than previously estimated. Expansion of e-commerce to smaller cities and rural areas and growing adoption of digital payment services will drive most of the growth.  The figure was mentioned in a report titled “e-Conomy SEA 2019: […]

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Myanmar coffee producers seek to expand export markets

US and Myanmar partners celebrated achievements in Myanmar’s coffee and other agriculture sectors in Yangon Tuesday at an event marking the end of the US Agency for International Development (USAID) Value Chains for Rural Development project, under which USAID invested $27 million from 2014-2019. Over the past five years, US-funded agriculture programs have helped some […]

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Vietnam stands out as ASEAN trade growth success story: StanChart

The Hanoitimes – Trade readiness improvements and economic dynamism are driving Vietnam’s trade growth potential. Vietnam shows the strongest progress in trade growth potential in ASEAN, driven by improvements to its trade readiness and economic dynamism, according to Standard Chartered’s newly published research Trade20 Index.   The country owes its improving strength in trade readiness to […]

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Can multinationals save Asean from the middle-income trap?

THE middle-income trap has become a concept deployed frequently in conversations among policymakers and academics in East Asia. The term is used by those trying to understand failed industrial upgrading in the region, which has occurred against a backdrop of prolonged economic slowdown in ASEAN middle-income countries. These bleak economic developments can be traced to a trend […]

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