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Philippines: Rice prices still falling

MANILA, Philippines — The price of rice remained on the downtrend, with consumers saving more but farmers earning less following a new rice regime in the country. Latest data from the Philippine Statistics Authority (PSA) showed consistent lower prices for more than three months now after the Philippines opened its rice industry to more private […]

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S&P’s rating demonstrates confidence in Malaysia’s economic outlook

KUALA LUMPUR: The affirmation of Malaysia’s credit rating by Standard and Poor’s (S&P) last week demonstrates its confidence in Malaysia’s positive economic outlook, strong institutional profile, sound economic fundamentals and prudent debt management. In a statement yesterday, the Ministry of Finance (MoF) welcomed S&P Global Ratings’ affirmation of Malaysia’s issuer credit rating at A- with […]

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Thailand: EA commits to making EVs happen here

Thailand could be on the verge of an electric vehicle (EV) revolution. After decades of promising ubiquitous plug-in stations and quiet roads full of whirring, non-petrol-powered cars, the futuristic fantasy could soon be a reality. Dubbed the “Tesla of Thailand”, SET-listed Energy Absolute (EA) will kick off the first phase of its 100-billion-baht lithium-ion battery […]

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Thailand: PTT has big ambitions for EECI project

PTT Plc is set to launch its Eastern Economic Corridor of Innovation (EECI) project in Rayong with the ambitious goal to raise the research and development centre to technology readiness level soon. The SET-listed national oil and gas conglomerate is developing the EECI in Rayong province’s Wang Chan Valley. The government plans for the EECI […]

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Lower economic growth rate in Laos sparks worry

A lower economic growth rate has sparked concerns that Laos may not meet the average targeted rate of 7.2 per cent as part of the country’s five-year economic development plan for 2016-2020. Economic growth in Laos has reached only 6.7 per cent over the past four years, which is lower than the target approved by […]

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