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Myanmar seeks closer Thai business ties

THOUGH MYANMAR received only US$123 million (Bt3.84 billion) from Thai investments in the previous fiscal year ending on March 31, the nation’s investment body foresees a significant inflow of Thai businesses over the next few years. Aung Naing Oo, secretary of Myanmar Investment Commission and director-general at the Directorate of Investment and Company Administration, said […]

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Indonesia announces simpler regulation on tax holiday

The Indonesian government on Monday announced that it would soon enact a new regulation on a tax holiday to simplify the procedure to allow investors to obtain the fiscal facility. Robert Pakpahan, the director general of taxation, said the new regulation would be signed by Finance Minister Sri Mulyani Indrawati and it would be implemented […]

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Vietnam: Car imports rise again as firms adjust to rules

The General Statistics Office of Vietnam (GSO) estimated that imports of completely built-up cars in April will likely jump in both volume and value compared to the previous month. Imports have increased again after several months of dropping as the Vietnamese Government issued Decree 116 in October last year, stipulating the conditions for production, assembly, […]

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Philippines: BSP sees 3.8-4.6% inflation in March

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said the consumer price index would remain elevated, rising from 3.8 percent to 4.6 percent in March, amid more expensive electricity, weak peso, as well as higher oil and food prices. The central bank’s Department of Economic Research (DER) said it incorporated all recent developments and […]

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Uniqlo shifting production to Vietnam

The Hanoitimes – China still remains Uniqlo its number 1 production hub, but Vietnam`s growing importance to the Japanese casual clothing chain did not go unnoticed. Major Uniqlo suppliers in Vietnam have increased about 40% since the brand first published a list of them in February 2017, a revised version of the company’s core partner factory […]

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Vietnam’s consumer confidence among world’s top 10 countries

The Hanoitimes – Vietnamese consumer confidence finished last year on a high note, which helped Vietnam continue to be ranked as the seventh most optimistic country in the world. According to the latest issue of the Conference Board Global Consumer Confidence Survey, conducted in collaboration with Nielsen, Vietnam’s consumer confidence remained high last year though the […]

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