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Cambodia: Tariff cuts slash $150M from revenue

Trade liberalisation under the ASEAN Free Trade Agreement (AFTA) cost Cambodia $150 million in lost tariff revenue last year, with the losses projected to climb further in the coming years as the Kingdom phases out tariffs on goods originating within the 10-member economic bloc, a customs official said yesterday. Kun Nhem, general director of the […]

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Malaysia: Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today after US President-elect Donald Trump made some vague pronouncements over the country’s fiscal policy, a dealer said. At 9 am, the ringgit was quoted at 4.4620/4660 versus the greenback compared with 4.4700/4730 on Wednesday. The dealer said the long-awaited news conference somewhat disappointed market […]

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Thailand: Thai Lion Air to launch two new routes

Thai Lion Air (TLA) has pre-empted other Thai-registered airlines in the new year with the introduction of two new routes. The low-cost carrier subsidiary of Indonesia’s Lion Group has set Feb 10 for the simultaneous launch of Bangkok-Trang and Chiang Mai-Surat Thani routes, according to airline executives. The Bangkok-Trang route is particularly significant for TLA, […]

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