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RAM: Malaysia’s economy to expand 5.2.per cent in 2018

KUALA LUMPUR: Malaysia’s gross domestic product is expected to expand by 5.2 per cent in 2018, on the back of strengthening domestic demand and resilient external markets. RAM Rating Services Bhd economist, Kristina Fong, said in general, hiring activities and labour force was becoming healthier this year, which would help boost domestic demand. Investment activities […]

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Vietnam: Bad debt ratio at 2.3% by end 2017

HANOI — Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 per cent from 2.46 per cent in late 2016. Deputy governor of the State Bank of Vietnam (SBV), Nguyen Kim Anh, said the ratio of NPLs and other risky debts that could […]

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Thailand: Private investment to spur 2018 growth

THE MINISTRY of Finance expects private investment to lead growth of the Thai economy this year, following 10,411 business operators exercised 1.5-time tax deduction on investment worth about Bt281 billion, an all-time high. In 2017, Revenue Department launched its tax incentives to promote investment, allowing companies or juristic partnership to deduct its investment expenditure in […]

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