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Lao businesses face ‘high logistics costs’

HIGH LOGISTICS costs in Laos are still a major obstruction for business operations throughout the domestic private sector and can also deter investors, a recent study suggests. Logistics costs in Laos are as high as double those of other Asean countries, according to the Japan External Trade Organisation. A study conducted by a Jetro survey […]

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Philippines: Fiscal balance swings to deficit in February

MANILA, Philippines – The national government’s fiscal balance swung back to a deficit last February as revenue generation failed to offset spending during the period, data from the Bureau of the Treasury (BTr) showed. In its latest cash operation report, the BTr said the national government incurred a fiscal deficit of P23.7 billion in February, […]

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Cambodia: Sihanoukville port announces bookbuild and IPO date

The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering (IPO) on the Kingdom’s stock market set for May 31, the company’s sole underwriter said yesterday. Sihanoukville Autonomous Port (SAP) will float a total of […]

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Thailand: ADB predicts 3.5% Thai growth

The Thai economy is expected to expand by 3.5% based on an export recovery and domestic public spending this year, with momentum set to continue next year, raising growth to 3.6%, says the Asian Development Bank (ADB). “A sustained recovery in major economies, robust domestic consumption and the continued implementation of large public infrastructure projects […]

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