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Singapore’s Investment in Indonesia Up 38 Percent

TEMPO.CO, Jakarta – Singapore’s new investment in Indonesia reached US$5.04 billion or rose 38 percent in the first half of the year compared with the same period last year. In the whole of 2017, Singapore’s new investment was valued at US$8.44 billion in the country, Industry Minister Airlangga Hartarto said on Sunday. Meanwhile, Indonesia’s exports of non-oil/gas commodities to Singapore were valued at US$9 billion making that neighboring country the fifth largest destination of Indonesia’s exports of commodities other than oil and […]

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Thailand: Cross-border zone in North could boost trade links

The government is studying the feasibility of establishing a cross-border economic zone in the Golden Triangle under the Lancang- Mekong Cooperation scheme to expand economic links for Thailand, Myanmar, Laos and China.  Auramon Supthaweethum, director-general of the Trade Negotiations Department, said the department is scheduled to discuss a location in Chiang Rai for such a zone […]

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Philippines: Price spikes expected in Ompong aftermath

MANILA, Philippines — The rise in consumer prices further accelerated this month after the onslaught of Typhoon Ompong,  prompting the Bangko Sentral ng Pilipinas (BSP) to deliver stronger monetary action this week. Nicholas Mapa, senior economist at ING Bank, said the projected crop damage from the recent typhoon would put more pressure on the overall September […]

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Foreign investors make beeline for Vietnam’s food sector

The Hanoitimes – The country’s food industry has lured foreign investments, especially through merger and acquisition (M&A), thanks to its large population and growing consumer demand fueled by the rapid growth of the middle class. Reports from the recent M&A Forum showed that essential consumer goods, including food, drink and household utensils, have contributed significantly to […]

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Thailand: PromptPay transfers grow sixfold in Q2

Waiving fees for digital transactions since late March has not only substantially boosted banks’ online transactions but also individual money transfers via the PromptPay platform, which surged sixfold in the second quarter.  Individual PromptPay transactions hit 88.3 million transactions in June, representing 2.9 million transactions a day, with a combined value of 442 billion baht, according […]

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