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Malaysia: Ringgit opens to eight-month high against USD

KUALA LUMPUR: The ringgit climbed to an eight-month high today against the US dollar after the US Federal Reserve indicated it will not raise interest rates this year. As of 9am, the local currency stood at 4.0540/0580 against the greenback compared with Wednesday’s close of 4.0650/0690. Maybank Kim Eng research said the signal of a […]

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Thailand: No post-election obstacles seen for EEC

WHILE SEVERAL parties contesting Sunday’s election have pledged to review the junta’s flagship Eastern Economic Corridor (EEC) development scheme, experts said yesterday that most infrastructure projects will continue regardless of which political parties form the post-election government.  “All the parties are in favour of infrastructure development, so progress on the EEC is unlikely to be […]

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Breakthrough in productivity key for Vietnam to avoid middle-income trap: Expert

The Hanoitimes – The difference between a successful and non-successful country in escaping the middle-income trap is the total factor productivity (TFP), which is determined by how efficiently and intensely the inputs are utilized in production. A breakthrough in productivity would be Vietnam’s new growth engine in the 2021 – 2030 period, helping the country successfully […]

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Singapore hopeful for China-backed Asia trade pact this year

Singapore’s trade minister said on Wednesday he was hopeful that an Asia-wide trade pact, which is backed by China and excludes the United States, could be sealed by the end of the year. On a visit to Washington, Trade and Industry Minister Chan Chun Sing said that a clearer picture would emerge on the Regional Comprehensive Economic Partnership(RCEP) […]

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