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Laos, China ink $4.5 million deal on cooperation projects

THE Lao and Chinese governments have signed a funding agreement designed to finance a range of projects under the Mekong-Lancang cooperation framework. Deputy Minister of Foreign Affairs Thongphan Savanphet and Chinese Ambassador to Laos Jiang Zaidong on Friday signed the agreement on the Mekong-Lancang cooperation special fund for 2018 at the Lao Ministry of Foreign […]

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Cambodia: Investment Law to be revised

The government is gathering input from the private sector and development partners to amend the country’s Investment Law and make the country a more attractive destination for foreign investment. It will be the second amendment to the Investment Law, which was promulgated in 1993 and first revised in 2003. Speaking at a public consultation held […]

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Philippines: Peso seen rebounding to 52:$1

MANILA, Philippines — Economists see the peso rebounding close to 52 versus the dollar in the next few months as investors regain confidence in emerging markets, but expect a “moderate depreciation” to 54.40 by yearend. Speaking during the general membership meeting of the Management Association of the Philippines (MAP), World Bank senior economist for the […]

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Thailand: Lower 2019 forecast for Thailand GDP

On the back of increased risks to exports and government consumption and investment not accelerating as much as expected, Citi Research is lowering its 2019 and 2020 forecasts for Thailand from 4.0 to 3.8 and 3.9 to 3.8 respectively, said analyst Nalin Chutchotitham in a report on Monday. While domestic demand and tourism has so […]

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Three dimensions of Vietnam’s e-commerce in 2019

The Hanoitimes – Single-market merchants and digital payment will certainly become even more notable in the upcoming year. Vietnam’s e-commerce, which is predicted to growth 43% from now until 2025, will go through 2019 with three notable dimensions in which single-market merchants would be the market trend. Digital payment and entertainment while shopping would be other […]

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Philippines: ERC to Meralco: Use tax refund to bring down electricity cost

MANILA, Philippines — The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to use unclaimed tax refund to reduce power rates. ERC has directed Meralco to submit a proposed scheme that incorporates the unclaimed tax refund for purposes of reducing the distribution rates of its customers, among others. It also directed the country’s largest power distributor to […]

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