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Thailand, K-Research: GDP to grow 3.4%

Kasikorn Research Center (K-Research) expects economic growth to hit 3.4% this year, an improved outlook based on signs that exports and domestic consumption have increased. The research house raised its estimate for the first half to 3.3% from 3.1% due to higher-than-expected export growth in the first five months, said head of research Nattaporn Triratanasirikul. […]

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Bank Indonesia: Predicts Slower Growth in Q2

TEMPO.CO, Jakarta – The Governor of Bank Indonesia (BI) Agus Martowardojo predicts that the second quarter of 2017 (April-June) will see slower economic growth due to the shift in government and consumer spending realization to the third quarter. Consumer spending has not increased as expected because Eid bonuses are paid in the third quarter. “Moreover, government spending is also […]

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Cambodia growing fast, says World Bank

The World Bank says Cambodia along with Laos and Myanmar are the fastest growing economies in East Asia. Ellen Goldstein, the newly appointed World Bank director for Myanmar, Cambodia and Laos, said the bank was keeping up its support for the growth of the countries. She committed the bank to enhanced collaboration with the governments […]

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Thailand: MPC lifts economic growth, export outlook

The Bank of Thailand’s Monetary Policy Committee (MPC) yesterday raised its 2017 economic growth forecast slightly to 3.5% from 3.4% earlier predicted after revising up export growth to 5%, but kept the policy rate unchanged at 1.5%. The rate-setting committee lifted its Thai economic growth outlook due to robust exports, said Jaturong Jantarangs, assistant governor of […]

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Vietnam: Mobile operators compete to reduce roaming rates

HANOI — Vietnamese mobile service operators are racing to reduce the charges for roaming services after the Ministry of Information and Communications allowed mobile operators to negotiate with foreign partners about international roaming services since June 1. Military-run telecom group Viettel announced that all its pre-paid and post-paid subscribers would be offered preferential international data […]

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