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Myanmar curbs drink imports

Myanmar has imposed a ban on imports of five Thai drinking products sent by land from Thailand, but will allow imports of these products by sea. Starting from Saturday, the ban applies to soft drinks, fruit juices, ready-to-drink coffee, condensed sweetened milk and fresh milk sent by land. However, these products can be exported via […]

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Thailand: Banks see growth in fees, service income

Signs of recovery in the Thai economy and stock market in the first quarter raised equity and mutual fund investment, as well as fee-based income for Thailand’s banking sector. Ten SET-listed commercial banks reported combined fees and service income of 43.4 billion baht in the first quarter this year, up 3.41% quarter-on-quarter and 9.33% year-on-year […]

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Cambodia: Food safety law hits delays

The draft Food Safety Law is expected to be sent to the Council of Ministers for review and approval after the February 20 community outbreak of Covid-19 is under control. The draft law was prepared in 2015 with 11 chapters and 53 articles and aims to establish a food-safety system that protects personal and consumer […]

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Malaysia’s leading index up in February

KUALA LUMPUR: Malaysia’s leading index (LI) rose at a faster pace in February, hinting at improved sentiment and an upbeat near-term economic prospect. The index increased 8.5% year-on-year (y-o-y) in February (January: 8.2% y-o-y), marking the highest reading since September 2020. Compared with the previous month, the increase in LI accelerated to 1.1% month-on-month (m-o-m) […]

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Philippines: Pandemic funding pushes up BSP-approved foreign debt in Q1

MANILA, Philippines — Central bank approvals for state foreign borrowings continued their climb in the first quarter, reflecting the government’s scouring of funds to finance an ongoing pandemic fight. From January to March, the Bangko Sentral ng Pilipinas (BSP) greenlighted $2.84 billion in offshore debts planned by the government, up 19.4% year-on-year. Compared with the previous […]

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Asia manufacturing powers ahead, even as China PMI cools

ASIA’S manufacturing activity remained robust through April even as a gauge of factory output in China, the region’s top economy and industrial powerhouse, showed signs of cooling. Taiwan’s IHS Markit April manufacturing purchasing managers’ index rose to 62.4 from 60.8 in March, its highest reading since March 2010. New orders also reached their highest level […]

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