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Thailand: Three service fields to open for foreign firms

The government looks set to remove three service businesses from List 3 under the Foreign Business Act (FBA) to facilitate foreign investment in Thailand, with the move to take effect next year. Kulanee Issadisai, director-general of the Business Development Department, said the Foreign Business Commission’s meeting, chaired by the commerce permanent secretary, on Tuesday agreed to withdraw […]

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Indonesia’s External Debts Remain Manageable: BI

TEMPO.CO, Jakarta – The structure of Indonesia’s external debts at the end of July 2018 remained manageable with healthy level, Bank Indonesia (BI) said. This is among others reflected in the ratio of the country’s external debts to gross domestic product (GDP) that is stable at around 34 percent at the end of the month, the central bank […]

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Philippines – BSP: Rate hikes not enough to fight inflation

MANILA, Philippines — Various non-monetary measures and safety net programs of the government are necessary to control the continued increase in prices as raising interest rates alone would not be enough to curb rising inflationary pressures, according to the Bangko Sentral ng Pilipinas. BSP officer-in-charge Chuchi Fonacier said the central bank is reassessing its inflation forecasts and ready to […]

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Cambodia: Government mulls bird’s nest regulation

The government may soon regulate Cambodia’s edible bird’s nest industry. In a directive last week, the Ministry of Agriculture urged owners of swiftlet nest farms to register as required by the ministry’s Forestry Administration, said forestry official Yorn Yuth Vorith. The move comes as the Kingdom’s bird’s nest industry continues to grow, with profits soaring. […]

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