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Myanmar: New import laws for LNG in the pipeline

The Ministry of Electricity and Energy (MOEE) is going to draft new laws on liquefied natural gas (LNG) in cooperation with the Myanmar Oil and Gas Services Society (MOGSS) and Hluttaw but details of the draft are not known, MOGSS vice-chair Daw Hnin Phyu Phyu Aung told The Myanmar Times. “If the role and procedures for […]

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Philippines: Modest growth seen in consumer spending

MANILA, Philippines –  BMI Research said the positive economic outlook and rising household income is likely to translate to a modest 5.4 percent growth in real consumer spending between 2017 and 2021. In its latest industry trend analysis titled “Modest growth in Philippine consumer spending,” the research arm of the Fitch Group said the projected […]

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Indonesia May motorbike sales up 15.2% y-o-y

JAKARTA — Motorcycle sales in Indonesia rose 15.2% in May from a year earlier, data from an industry association showed on Monday. These sales are also the highest growth rate since August 2014, according to Thomson Reuters data. Sales stood at 531,496 motorbikes in May, up from 461,506 sold in the year-ago period. It was […]

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Philippines: Economic managers retain growth targets

MANILA, Philippines – The government is retaining its economic growth targets over the medium term as it expects the country’s macroeconomic fundamentals to remain stable, the inter-agency Development Budget Coordination Committee (DBCC) said Friday. Budget Secretary and DBCC chairman Benjamin Diokno said gross domestic product (GDP) growth forecast remains unchanged at 6.5 percent to 7.5 […]

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Philippines: Customs exceeds collection target in May

MANILA, Philippines – The Bureau of Customs (BOC) collected P39.34 billion in May, exceeding the P38.28-billion target for the month, the Department of Finance (DOF) said yesterday. Citing Customs Commissioner Nicanor Faeldon’s report to Finance Secretary Carlos Dominguez, the DOF said the bureau’s collection in May rose by 23.52 percent from the P31.85 billion recorded […]

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