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Philippines: Motor vehicle production up 5% in 8 months

MANILA, Philippines — Motor vehicle production in the Philippines went up nearly five percent from January to August, posting better growth performance than most of its peers in Southeast Asia. Data from the ASEAN (Association of Southeast Asian Nations) Automotive Federation showed the Philippines churned out 58,386 motor vehicles as of end-August, up from 55,784 […]

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Thailand: Juwai pushes golden visa for Chinese

Amid slowing global economic growth, the baht’s appreciation and a weak yuan, a Thailand Elite residency golden visa scheme can help boost property sales among Chinese buyers, says Juwai.com, China’s biggest international property website. Georg Chmiel, Juwai’s executive chairman, said the programme, supported by the state under the Thailand Elite Card scheme, should have a […]

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Brunei’s total trade BND1,089.8M in July

Brunei Darussalam’s total trade in July 2019 decreased by 17.1 per cent to BND1,089.8 million compared to July 2018, according to a press release. Total exports decreased by 20.2 per cent year-on-year to BND670.8 million. This was mainly due to decreases in the exports of Crude Oil and Liquefied Natural Gas (LNG) by 26.2 per […]

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Cambodia: Climate change to delay Kingdom’s ascent to middle-income economy

Climate change will slow down Cambodia’s economic growth progressively over the next decades and delay the country’s graduation to middle-income economy by one year, recent government reports show. The ministries of Economy and Finance and Environment on Friday launched two research papers: ‘Addressing Climate Change Impacts on Economic Growth in Cambodia’ and ‘Cambodia: Derisking Renewable […]

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Vietnam to top Asia auto sales amid fall of biggest markets

The Hanoitimes – The rising vehicle imports are posing huge competitive pressure on domestically-produced vehicles. Vietnam will lead Asia in vehicle sales this year as the region’s sales are forecast to decline due to weakening outlook in its biggest auto markets, analysts forecast. According to analysts from financial information services provider Fitch Group, total vehicle sales […]

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Thailand: Scaling the high-income ladder

Prime Minister Prayut Chan-o-cha’s speech at the 74th session of the UN General Assembly in New York was chock-full of talking points, but the one that stood out was his declaration that Thailand would become a rich country by 2036. “Thailand will become a high-income country with fairness, respect for basic human rights and participation […]

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