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Philippines: Oil import bill jumps 30% in 2017

MANILA, Philippines — The country’s net oil import rose by nearly a third in 2017 due to higher volume and import cost, Department of Energy (DOE) data showed. The net import bill, or the difference between oil imports and exports, amounted to $8.92 billion last year, up 29.5 percent from $6.89 billion in 2016, the […]

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Merger of Grab and Uber drive monopoly, pricing concerns

The merger between Grab and Uber is driving market concentration to monopoly levels, underlying the urgency of regulations that legalise and keep in check ride-sharing service in Thailand, say industry and research analysts. Sumet Ongkittikul, research director for transport and logistics policy at the Thailand Development Research Institute (TDRI), said the consolidation of ride-hailing firms in Southeast […]

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Thailand: SMEs urged to embrace e-commerce

The Federation of Thailand Industries (FTI) has teamed up with Total Access Communication (DTAC) and Siam Commercial Bank to promote small and medium-sized enterprises (SMEs) to promote the e-commerce channel — CloudCommerce. CloudCommerce is a one-stop solution for cross-border e-commerce. The channel aims to help sellers unlock the potential of global markets by connecting with other popular […]

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Vietnam continues pushing for SOEs divestment

The Hanoitimes – The government is expected to divest funds in a series of state-owned enterprises (SOEs) in the coming time, stated in a recent report of the Ministry of Finance. Additionally, Vietnam has raised VND713 billion (US$31.3 million) from divesting VND676 billion (US$29.7 million) in book value, according to the report.  SOEs subject to divestment […]

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Cambodia: Public debt ‘stays within safe limits’

In the last 24 years, Cambodia has made debt service payments of about $1.14 billion to development partners, while last year alone it repaid about $210 million, according to the Cambodia Public Debt Statistical Bulletin of the Ministry of Economy and Finance released last week. The bulletin said the government last year signed concessional loan […]

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Myanmar: SECM to form special task force to help YSX

The Securities and Exchange Commission of Myanmar (SECM) will form a special task force to help public companies list on the Yangon Stock Exchange (YSX), SECM chair U Maung Maung Win said during the second anniversary of the exchange on Sunday. The main objectives of the special task force are to help public companies list […]

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