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Philippines: Economic managers push for changes in Constitution to attract more investors

MANILA, Philippines — The country’s economic managers are pushing for amendments in the Constitution to allow for more foreign investors, according to the Department of Finance (DOF).  Finance Secretary Carlos Dominguez said while the government has done as much as it can administratively to ease restrictions on foreign investments, there are still parts of the Constitution that limit their […]

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Malaysia: CIMB Research retains neutral on beverages

KUALA LUMPUR: CIMB Equities Research is retaining its Neutral outlook on beverages while its top picks are Berjaya Food and Power Root. It said on Monday the implementation of levy on sugary ready-to-drink beverages in Malaysia will be delayed by three months to July 1, 2019 from April 1 previously. “Milk-based drinks with sugar content of less […]

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Thailand: Asset Wise targets lower-priced condos

Property developer Asset Wise Co will focus on developing condos priced lower than 2 million baht a unit as the new loan-to-value (LTV) limits weaken the purchasing power of some buyers. Chief executive Kromchet Vipanpong said some condo buyers will be required by the new lending curbs to make a higher down payment, making them […]

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