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Indonesia’s foreign debt down 0.1% in second quarter: BI

The foreign debt repayment is an important part of efforts to maintain the government’s credibility in managing foreign debt. Jakarta (ANTARA) – Indonesia’s foreign debt fell 0.1 percent to US$415.1 billion in the second quarter of 2021 from US$415.3 billion the previous quarter, Bank Indonesia (BI) reported on Monday. The growth of foreign debt also […]

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Philippines scraps plan to tax imported Thai cars

Thai car exporters’ prospects have become brighter after the Philippines scrapped plans to impose tariffs on cars imported from Thailand, and returned 1.2 billion baht worth of safeguard duty to importers. According to Thai Commerce Minister Jurin Laksanawisit, the Philippines agreed on Aug 6 to scrap the tariff plans and return the import duties, after […]

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Vietnam: Steel prices hit new high

Steel has hit a new high after a series of rapid price increases from May through June 2021 when they increased by more than 50 per cent compared to the beginning of the year. According to the Ministry of Industry and Trade (MoIT), as governments around the world issued economic stimulus packages of tens of trillions of […]

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Thailand: Property outlook worsens

The residential market is unlikely to recover to pre-Covid levels until 2025 as the market contraction has been revised to 25-32% from 1.5-11%, driven largely by the battered economy and housing demand. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the market nationwide in the second quarter saw a continuing year-on-year […]

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Laos determined to pay off $14B worth of debt by 2025

Revenue earned from potential mining operations, revamped state enterprises and from other as yet untapped sources will be used to pay debts amounting to almost $14 billion, the Lao government has told the National Assembly (NA). Foreign debt has accumulated to about $13 billion and domestic debt now stands at $900 million. Money has been […]

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