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Malaysian palm oil price jumps over 2% as India cuts import tax

KUALA LUMPUR: Malaysian palm oil futures rose to their highest in nearly two weeks on the first trading day of 2019, after world’s largest edible oil importer India announced import tax cuts, amid expectations of a fall in production. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 2.1 percent at 2,166 ringgit ($523.82) a tonne at the close of trade, its strongest daily […]

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Thailand – REIC: Residential purchases to reduce speed

Residential developers should be more cautious with new supply launches in Greater Bangkok in 2019 as the absorption rate declines, leading the number of unsold units to exceed the five-year average, says the Real Estate Information Center (REIC).  Vichai Viratkapan, acting director-general of the REIC, said a significant decrease in the absorption rate will take place […]

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Vietnam: Foreign capital attraction to see new forms: expert

HANOI — Vietnam needs to learn about new forms of investment to raise appropriate policies for attracting foreign money, according to chairman of the Vietnam Association of Foreign Invested Enterprises Nguyen Mai. Mại said non-equity modes of investment (NEMs) would be an increasingly important form for attracting foreign capital in Vietnam. Several Vietnamese firms already attracted […]

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Vietnam: Food processing seeks more foreign investment

Industry seeing rapid growth over recent years and expects further expansion from foreign investment. Vietnam’s food processing industry has experienced rapid growth over the past five years and further expansion is expected as it eyes additional foreign investment, according to the Singapore-based Food Navigator Asia news. “The country’s industrial production index rose by some 6.8 […]

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