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World Bank Says Myanmar Economy Remains Fragile as Prices Soar

(Bloomberg) — The outlook for Myanmar’s economy remains weak as surging inflation, dollar shortages and lingering domestic conflict pose challenges to its pandemic recovery, according to the World Bank. The lender estimates that gross domestic product in 2022 will be about 13% lower than in 2019 despite a better-than-previously expected 3% GDP growth seen for […]

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Laos, Vietnam strive for trade/investment breakthrough

Laos and Vietnam are pushing for a breakthrough in joint trade and investment as the two neighbours celebrate their six-decade long special relations this week. The two nations held grand ceremonies in their capitals on July 18 to mark the 60th anniversary of diplomatic relations and the 45th anniversary of the signing of the Treaty […]

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Malaysia: Trade in the right direction

PETALING JAYA: The country’s imports in June 2022 continued to grow at a faster pace than exports, partly because Malaysian households spent more on processed food and beverages sourced from abroad. The higher imports were recorded amid the weak ringgit, which stayed mostly above the RM4.40-mark against the US dollar in June. Being a country […]

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