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Philippines: Economy likely grew 7% in Q1

MANILA, Philippines – The economy likely grew by about seven percent in the first quarter on the back of strong performance of the agriculture and manufacturing sectors, according to Finance Undersecretary Gil Beltran. “At first, my forecast was 6.2 percent to 7.4 percent. But now, it turns out that agriculture’s growth was high,” Beltran said, […]

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Myanmar: Singaporean investment starts rice production for international export

A parboiling-rice mill which involved US$8 million investment was launched in Dedaye township, Ayeyarwady Region by agribusiness firm Agrastar on May 5. The mill will produce high-quality parboiled rice for export to the European market. Agrastar, a partnership between Chin Corp Myanmar, Agrocorp International, and RiverWest Capital, was formed to supply high-quality agricultural commodities from […]

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KBank: Baht appreciation may have peaked in April

The baht probably reached its strongest level in mid-April and will reverse course until the end of the year, says a senior official at Kasikornbank (KBank). “According to historical data, the baht normally reaches its peak in the middle of April as a result of seasonal factors,” said Kobsidthi Silpachai, head of capital markets research […]

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