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Philippines relaxes rules to woo foreign investment

[MANILA] Philippines President Rodrigo Duterte approved a law allowing foreign investment in more business sectors, his office said on Friday (Mar 4), in a bid to boost jobs and growth in the South-east Asian economy. The law, which amends a three-decade old foreign investment rule, allows for the first time international players to set up […]

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Thailand: CPI jumps 5.28% in Feb, beats forecast

Thailand’s headline consumer price index (CPI) jumped more than expected by 5.28% in February from a year earlier, driven by higher energy prices, the Commerce Ministry said on Friday. That compared with a forecast for a rise of 4.05% in a Reuters poll and followed January’s 3.23% increase.  The core CPI index was up 1.80% […]

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Malaysia: Ringgit opens lower against US dollar

KUALA LUMPUR, March 4 ― The ringgit opened lower against the US dollar today as the greenback’s buying interest recovered, backed by the lower US weekly initial jobless claims data, an analysts said. At 9am, the local note was trading at 4.1900/1920 versus the greenback compared with 4.1870/1890 at yesterday’s close. According to reports, the […]

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Thailand: Use of FTA privileges, GSP see hefty surge in 2021

The use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters surged 31.4% and 28.1%, respectively, in 2021, mainly attributed to higher demand. The Foreign Trade Department reported yesterday the use of FTA privileges by Thai exporters tallied US$76.3 billion in 2021, the highest in six years. Outbound […]

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