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Laos achieves rice export target to China

THE VIENTIANE TIMES/ANN: Laos has achieved its target for exporting rice to China this month after the IDP Rice Mill of Laos signed a trading agreement with China National Cereals, Oils and Foodstuffs Corporation (Cofco) in November. Last year, the Chinese government agreed to purchase 20,000 tonnes of rice from Laos through Xuanye (Lao) Co […]

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Thailand: BUDGET, TOURISM HIKE TCC CONFIDENCE INDEX

The TCC Confidence Index rose in November to 48.3 from the previous month’s 48.0, thanks to the government budget and rise in the number of foreign tourists during the high season.  Thanavath Phonvichai, director of the Centre for Economic and Business Forecasting at University of the Thai Chamber of Commerce, said the improvement was mainly […]

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Yuan weakness and Chinese condo buyers in Thailand

Chinese buyers now make up the largest share of foreign purchasers in the Thai condominium market. In addition to the fast-growing segment from mainland China, other Chinese buyers come from Taiwan, Hong Kong, Singapore and Malaysia. This has prompted many developers in Thailand, especially listed ones, to market their projects abroad, with a special focus on Asian […]

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World Bank lowers Malaysia GDP growth again to 4.7%

KUALA LUMPUR: The World Bank slashed Malaysia’s 2018 economic growth projection for the second time this year, bringing the forecast slightly lower than the Finance Ministry’s official guidance of 4.8%. The government’s declining expenditure as well as lower public and private investments have led the World bank to cut its gross domestic product (GDP) forecast […]

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