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Thailand: Added local travel perks shaping up

The Finance Ministry is poised to launch a fresh package to encourage domestic travel on weekdays, aiming to boost the country’s GDP by 0.2-0.3 percentage points. The Fiscal Policy Office (FPO) is sorting out measures to prod people to travel more on weekdays to comply with Deputy Prime Minister Somkid Jatusripitak’s policy to add value […]

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The bilateral trade between Sino – Myanmar border trade falls by USD $ 95.7 million in the first three quarter of 2019 – 2020 fiscal year

Sino-Myanmar border trade has registered a decrease of US$95.7 million between 1 October and 26 June in the current fiscal year 2019-2020, according to the Ministry of Commerce.  Data from the Ministry of Commerce shows the value of Sino-Myanmar border trade at all five borders touched over $4.4 billion in the current fiscal, which significantly […]

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Philippines: GDP expected to contract further

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects the economy to contract for the remaining quarters of the year amid the more disruptive impact of the COVID-19 pandemic. BSP Governor Benjamin Diokno said the country’s gross domestic product (GDP) may further shrink until the end of the year after contracting by 0.2 percent […]

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Thailand: Land sales fall 3.9% while investors away

Land sales at 61 industrial estates nationwide saw a year-on-year decline of 3.9% during the past nine months, mainly due to difficulties foreign investors face entering the country and an economic slowdown amid the pandemic, says the Industrial Estate Authority of Thailand (IEAT). Land sales in the period of October 2019 to June 2020 fell to […]

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Myanmar: The volume of rice and broken rice exports exceeded 2 million tonnes as of 19 June in the current fiscal year

The volume of rice and broken rice exported between 1 October and 19 June in the current fiscal year crossed 2.088 million metric tons, worth $621 million, according to an announcement from the Myanmar Rice Federation (MRF).  Myanmar’s maritime trade constituted 86.08 per cent of rice exports and generated an estimated income of US$539.57 million […]

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