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Myanmar’s manufacturing sector attracted thirteen foreign enterprises in the first quarter of the current 2020 – 2021 fiscal year

Majority of foreign enterprises eye the manufacturing sector for investments in the first quarter of the current financial year 2020-2021, pulling in US$158 million from 13 projects, the Directorate of Investment and Company Administration (DICA) stated. Myanmar has attracted foreign direct investments of more than US$348.8 million in Oct-Dec of current FY, including the expansion […]

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Singapore: Labour recovery from Covid-19 shock cannot be left to market forces: Tharman

HANDLING the labour market shock wrought by the Covid-19 pandemic requires “high-quality and effective coordination”, said Senior Minister and Coordinating Minister for Social Policies Tharman Shanmugaratnam on Tuesday, at the Institute of Policy Studies (IPS) Singapore Perspectives 2021 conference. Singapore’s approach is not just to put people back at work as quickly as possible, but […]

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Fitch affirms Philippines’ investment grade rating

MANILA, Philippines — The Philippines is seen recovering from the pandemic-induced recession with a gross domestic product (GDP) growth of 6.9 percent this year and eight percent next year, prompting international debt watcher Fitch Ratings to affirm the country’s credit rating and outlook. The London-based credit rater affirmed the BBB rating and stable outlook of […]

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Thailand: Ministry preps B200bn for new relief measure

The Finance Ministry is preparing to inject financial aid worth around 200 billion baht to combat deteriorating economic conditions during the prolonged Covid-19 crisis. Such financial relief will be disbursed through state-owned financial institutions by implementing policies to enhance liquidity and take care of various groups of debtors, said Kulaya Tantitemit, acting director-general of the […]

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Vietnam aims for average annual growth of 7% in 2021-30

The Hanoitimes – Administrative reform and higher quality of legal framework will be key for Vietnam to enhance efficiency in economic development and integration. Vietnam targets to attain an annual GDP growth rate of 7 in the next 10-year period, marking it a high-middle income country with modern industrialization in the world. Director of the Vietnam […]

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Thailand: Atta seeks vaccinated arrivals

Offering an estimate of 80% of inbound travel companies closing, the Association of Thai Travel Agents (Atta) encourages the government to allow vaccinated visitors to visit the country without quarantine in the third quarter to boost demand. Around 30% of 10,000 registered inbound tourism companies have shuttered permanently, while half have stopped their operations temporarily […]

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