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Cambodia: FDI inflows drop 1% to $3.5B

The value of foreign direct investment (FDI) into the Kingdom registered a slight fall in 2020 amid a much sharper contraction among non-banking sectors and uncertainty over the evolution of the Covid-19 pandemic, but inflows into the financial sector remained strong. Total FDI inflows – mainly to the financial, construction and real estate, and manufacturing […]

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Indonesia’s proposed VAT hike draws flak from businesses

JAKARTA — As Indonesia considers tax increases to cover stimulus spending sparked by the pandemic, the country’s business community warns that higher levies could dampen a nascent economic recovery after four straight quarters of contraction. The Finance Ministry contemplates two options for a hike in the value-added tax: raising the current across-the-board rate, or enacting separate rates for different categories […]

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Land-locked Laos moves to become logistics link

Thanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) – two mega infrastructure projects – are set to significantly bolster the Lao government’s efforts to transform Laos into a logistics link and land-linked country within the region and beyond. The TDP is a dry port of international importance, approved by the UNESCAP through Resolution No […]

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USD/IDR Price News: Indonesian rupiah stays below 14,300 on upbeat CPIs

Indonesia’s annual inflation rate accelerated in May, according to the latest data published by Statistics Indonesia showed on Wednesday. Indonesian May’s inflation rate rose to 1.68% on the year when compared with April’s 1.42% and 1.67% expectations, although remains way below the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 1.37% vs. 1.18% previous and […]

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