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Thailand to push RCEP deal

THAILAND, as Asean chair, will push for conclusion of the Regional Comprehensive Economic Partnership (RCEP) negotiations by the year-end in order to counterbalance the negative impacts of the US-China trade war. Auramon Supthaweethum, director-general of the Department of Trade Negotiations (DTN) under the Ministry of Commerce, said Thailand would benefit from both increased exports and […]

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Cambodia: Garment exports increase 24%

Cambodia’s garment and footwear exports last year increased 24 per cent in 2017 as the global economy performed well, driving demand higher in export destinations, according to a National Bank of Cambodia (NBC) report. The NBC’s 2018 report said the Kingdom’s garments and footwear exports were valued at $10 billion, up 24 per cent from […]

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Lao border province’s economy grows by 8%

LAOS’ Champasak province’s economy saw growth of 8.15 per cent last year, 0.02 per cent more than the 8.13 per cent figure endorsed by the National Assembly. Gross Domestic Product (GDP) hit 19.142 trillion kip ($2.248 billion) or 115.63 per cent of the 2018 target of 16.554 trillion kip, while average annual per capita income […]

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Malaysia’s CIMB expands banking business in Philippines

MANILA, Philippines — Malaysia’s second largest financial services provider CIMB Group is dipping its hands in the investment banking business after formally launching its banking presence in the Philippines to complete its footprint in Southeast Asia. Effendy Shahul Hamid, chief executive officer of Group Ventures and Partnerships of the CIMB Group, said the Kuala Lumpur-based […]

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