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Foreign biz chambers remain bullish on Philippines growth

MANILA, Philippines – Foreign businessmen are keeping their bullish prospects for the country intact as they commended the Duterte administration’s first year performance despite noting a couple of moves deemed “inappropriate.” “We acknowledge the notable achievements of the current administration thus far. With this, it is fair to say that they have done a commendable […]

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Indonesia: BPS Announces Post Eid Inflation Rate

TEMPO.CO, Jakarta – The Central Statistics Agency (BPS) recorded June’s inflation rose 0.69 percent to 4.27 percent compared to the previous month. BPS chief Suhariyanto said on Monday that June’s inflation rate was affected by electricity tariff adjustments, airfare and city transportation fees, “while food prices were relatively under control.” For the first semester, the inflation rate […]

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Indonesia: Govt to Improve Beef Trade System

TEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita said that beef trade system will be improved to cut the price. “We will assess everything starting from the slaughter house (RPH), we will regulate everything,” he said in Bandung on Wednesday (28/6). He explained that one of the measures taken is by supplying the market with imported frozen beef. “We will supply the frozen meat, it will make the price stable.” Enggartiasto admitted […]

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Indonesia sets tariff ranges for Uber, Grab

JAKARTA — Indonesia has set minimum and maximum tariffs for online car-hailing services, aiming to ensure comparable pricing with conventional transport providers whose drivers have complained about being undercut by their newer competitors. Ride-hailing services such as US group Uber Technologies Inc, Southeast Asia’s Grab and Indonesia’s GO-JEK have heavily subsidised their drivers in Indonesia in order to gain market share […]

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Vietnam’s Q2 economic growth quickens, thanks to manufacturing

HANOI, June 29 – Vietnam’s annual economic growth rate quickened to 6.17 percent in the second quarter, government data showed on Thursday, as strong manufacturing growth offset a continuing slump in mining production. In January-March, the growth rate was 5.15 percent, the lowest in three years. Vietnam’s target for full-year 2017 growth is 6.7 percent. To […]

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