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Philippines: Biden win to enhance stronger trade ties

MANILA, Philippines — Business groups are hopeful the election of Joe Biden as new US president would pave the way for stronger trade ties with the Philippines, as well as greater global cooperation. American Chamber of Commerce of the Philippines Inc. senior advisor John Forbes said yesterday that while the group expects Biden to look […]

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Tesco gets nod for sale of Thailand supermarket business

BANGKOK (AFP) – Thailand’s competition regulator has given the nod for British retail giant Tesco to sell its supermarket businesses to the Charoen Pokphand Group, despite monopoly concerns. The USD10.6 billion sale to Thailand’s biggest conglomerate was first flagged in March and also covers Tesco’s operations in Malaysia. “The majority of commissioners agreed that the […]

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Myanmar-Thailand trade tops $20 bln in past 4 years

The value of Myanmar’s bilateral trade with neighbouring country Thailand in maritime trade and border trade was estimated at US$18.865 billion in the past four financial years, the statistics issued by the Central Statistical Organization under the Ministry of Planning, Finance and Industry indicated. The ministry reported that exports surpassed imports in trade with Thailand […]

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Thailand set to sign RCEP trade deal

Thailand will attend the signing of the long-awaited Regional Comprehensive Economic Partnership (RCEP) at the 37th Asean Summit under the chairmanship of Vietnam next week. It will be the first-ever virtual signing of an agreement Asean has undertaken, a Foreign Ministry official said on Thursday. The bloc and its dialogue partners are scheduled to convene […]

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Indonesia in its first recession for 2 decades

AFP – Indonesia’s virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in the Asian financial crisis more than 20 years ago. Activity in Southeast Asia’s biggest economy slumped 3.49 percent on-year in July-September, the statistics agency said yesterday, with tourism, construction and trade among the hardest-hit […]

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