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Vietnam: Price wars imminent as initial fees reduce

As car sales continue to reduce, local importers have asked authorised agencies to apply a 50% reduction in registration fees for imported cars in order to remove discriminatory tax reduction currently used for only locally-assembled vehicles. The European Chamber of Commerce (EuroCham) noted in its newly-released Whitebook on the year’s investment issues affecting the business […]

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Aug 10 target to restart Singapore-Malaysia travel

SINGAPORE and Malaysia are aiming to restart cross-border travel by Aug 10 for long-term pass holders and essential business and official travellers. While it would bring some relief to Malaysian employees stuck here, and the employers supporting them, industry observers say it won’t be a panacea for all the issues that affected parties are currently […]

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Thailand: BoT predicts two-year recovery path

Thailand’s economy is expected to take two years to fully recuperate, assuming there is widespread administration of a coronavirus vaccine, says the Bank of Thailand’s chief. “The intermittent outbreaks are also accounted for under the central bank’s predictions,” said governor Veerathai Santiprabhob. “New infections of 20-30 cases per day are manageable under the country’s public […]

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Myanmar Targets 6 % GDP Growth in 2020-21

U Maung Maung Win, Deputy Minister of the Ministry of Planning, Finance, and Industry, forecasted that the country’s GDP growth in the 2020-21 Fiscal Year targeting to reach K125.803 trillion. There are multi-sectoral collaborations going on to stabilize the price, strengthen local currency, and minimize inflation, he said during the Parliament session on July 13. […]

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