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Thailand: 10 sectors promising in near term

Restaurants, accommodation and travel booking services, Mice (meetings, incentives, conferences and exhibitions), pharmaceutical products, health and beauty services, and medicinal plants are sectors that expected to see brighter prospects during the latter part of this year and into next year, in part because people have become more concerned about their health. According to Deputy Commerce Minister Sinit […]

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Malaysia: 3Q GDP seen to grow by 12% to 14%

PETALING JAYA: AmBank Research has forecast Malaysia’s third quarter (3Q) gross domestic product (GDP) to grow by 12% to 14% year-on-year (y-o-y), boosted by the strong trade number for September and over the 3Q. The economy grew by 8.9% y-o-y in the 2Q and 5% y-o-y in 1Q. Trade growth is set to slow on […]

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Philippines: Local makers seek tariff cuts on e-vehicle equipment, parts

MANILA, Philippines — Philippine manufacturers of electric vehicles want the government to slash tariffs on raw materials needed to make e-vehicles to support the industry in boosting its local production. Electric Vehicle Association of the Philippines (EVAP) president Edmund Araga yesterday asked the government to consider cutting, if not totally  eliminating, the import duties imposed […]

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