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Vietnam launches free trade agreement portal

The Hanoitimes – The portal is a way the Vietnamese government support local enterprises and people in approaching the free trade agreements to which Vietnam is a signatory. The Vietnam Free Trade Agreement Portal (FTA Portal) was launched at fta.moit.gov.vn, jointly held by the Ministry of Industry and Trade, the World Bank and relevant agencies on December […]

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Thailand: BoT decreases growth outlook to 3.2% in 2021

With uncertainties and downside risks remaining, the Bank of Thailand has slashed the country’s GDP growth outlook for next year by 0.4 percentage points, attributed chiefly to an anticipated delay in tourism recovery. GDP growth was lowered to 3.2% from 3.6% projected previously as the impact of a prolonged outbreak abroad and a new outbreak […]

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Philippines: Q3 residential estate prices down 0.4%

Residential real estate prices in the country slipped by 0.4 percent year-on-year in July to September, while it contracted 14.1-percent quarter-on-quarter, data from Bangko Sentral ng Pilipinas (BSP) showed. BSP on Wednesday said the negative year-on-year growth of the Residential Real Estate Price Index (RREPI) in the third quarter is its first since beginning the […]

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Vietnam credit growth hits 10.14% as of December 21

The Hanoitimes – The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion). Vietnam’s credit growth as of December 21 is estimated at 10.14% against the end of last year and up 11.62% year-on-year. Vice […]

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Malaysia: Higher tax burden for plantation firms

PETALING JAYA: With the rally in crude palm oil (CPO) prices owing to stronger global demand and lower production, the world’s two largest palm oil exporting countries, Indonesia and Malaysia, are taking advantage of the higher prices through increased taxes on the commodity. In just weeks after Indonesia raised its taxes on CPO exports, Malaysia […]

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