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Indonesia debt growth slows in Q1 as foreign capital retreats

Indonesia’s foreign debt growth slowed down in the first quarter as foreign investors sold off Indonesian assets over fears of the COVID-19 pandemic, Bank Indonesia (BI) announced Friday. The country’s external debt, which includes borrowing by both the government and the private sector, was recorded at US$389.3 billion, a growth of 0.5 percent year-on-year (yoy). […]

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Malaysia signs record rice import deal with India

[MUMBAI] Malaysia has contracted to import a record 100,000 tonnes of rice from India for shipment this month and next, four industry officials told Reuters, in a further sign of improving trade relations between the countries after a diplomatic spat. The first such purchase this year is already nearly twice the average annual volume of […]

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Cambodia pushes hard on free-trade agreements

Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement. The government is looking for support from Russia to push the Cambodia-EAEU FTA in order to expand trade volume and economic cooperation between Cambodia and the bloc. The call was […]

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Brunei to lift restrictions in stages from tomorrow

Brunei Darussalam yesterday announced the first phase of the de-escalation plan to lift the COVID-19 restrictions by introducing a gradual reduction in social distancing measures. The announcement was made yesterday by Minister of Health Dato Seri Setia Dr Haji Mohd Isham bin Haji Jaafar, at the daily press conference at the Ministry of Health (MoH) […]

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