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Myanmar: SMEs need policies tailored for growth to flourish: MRCCI

The Mandalay Region government needs to have specific policies to boost small-and-medium enterprises (SMEs) in order to attract and grow high-skilled jobs. The Mandalay Region Chamber of Commerce and Industry (MRCCI) unveiled the 2019-2022 Mandalay Region Business Agenda last month suggested several initiatives including for taxation, regulations, labour and education that the regional government can […]

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Philippines: FDI inflows plunge to 3-year low in May

MANILA, Philippines — Net inflows of foreign direct investments (FDI) plunged 85 percent in May, hitting its lowest level in more than three years, amid external headwinds wherein emerging markets remain affected by the trade war between the US and China. The Bangko Sentral ng Pilipinas (BSP) reported yesterday that net FDI inflows amounted to […]

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WB: Lao economic reform needed

The World Bank is optimistic about economic growth in Laos, which is projected to rebound to 6.5 per cent this year, rising from 6.3 per cent recorded last year. Despite continued fiscal tightening, the pick-up is expected to be driven by robust investment in mega infrastructure projects including the Laos-China railway, according to the latest […]

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Vietnam allows foreign firm to import drugs for first time

The Hanoitimes – The license has somewhat shown Vietnam’s relaxed management of drugs market which is likely to reach US$7.7 billion by 2021. France-based Sanofi-Aventis Vietnam Co., Ltd has been licensed to directly import drugs to Vietnam, becoming the first foreign-invested firm eligible to get such right in the country.  With this license, Sanofi directly imported […]

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Myanmar: Exports through Muse down by a third

A crackdown by China on illegal trade along the vital Muse border crossing located in northern Shan State as well as severe restrictions on agricultural imports continues to affect Myanmar’s border exports to the country. According to data from the Ministry of Commerce, exports declined 28.4 percent to US$2.74 billion from October 1, 2018 to […]

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