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Cambodia: Singapore asked to increase its imports

Cambodia has asked Singapore to consider buying more Cambodian agricultural products, particularly rice, pepper and mango. The request was made during a meeting on Tuesday between Foreign Minister Prak Sokhonn and his Singaporean counterpart Vivian Balakrishnan. “To further increase bilateral trade, the Cambodian Minister requested Singapore to consider importing agricultural products, namely rice, peppers, and […]

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Looking for ASEAN in Laos

It has been 20 years since the Lao People’s Democratic Republic officially become a member of ASEAN, and although many Lao people don’t feel connected to the group, they generally believe that their country’s membership in it can only bring benefits. Conversations with Lao people also reveal a sentiment that Laos, a Least Developed Country of […]

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Bank Indonesia Maintains Reference Rate at 4.5 Percent

TEMPO.CO, Jakarta – Bank Indonesia (BI) has decided to maintain the reference rate at 4.5 percent. BI’s deposit facility interest rate is also maintained at 3.5 percent, and the lending facility interest rate stays at 5.0 percent. “The BI Rates will apply on October 20, 2017,” Bank Indonesia’s economic and monetary policies department head Dody Budi Waluyo said in […]

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Myanmar: SMEs voice frustration over confusing government policies as challenges mount

Small and medium enterprises (SMEs) are still struggling to compete and expand five years after U Thein Sein’s former government established a central committee to support the sector and after the Central Bank of Myanmar recently permitted banks to approve loans without collaterals. On top of limited access to capital, insufficient supporting infrastructure, high taxes […]

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Thailand – Survey: SMEs still uncertain

Some 70% of small and medium-sized enterprises (SMEs) say their business has bottomed out, but most remain uncertain of when they will start investing again, according to a survey by the University of the Thai Chamber of Commerce (UTCC). As many as 38.8% of respondents were unsure when they will invest again, 3% said they […]

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Digital changes to shape Asean economy, says HSBC Malaysia

KUALA LUMPUR: Member states of Asean must be ready to embrace technological transformation to take advantage of the opportunities from digitisation, according to HSBC Malaysia. In a press statement on Friday, the bank’s retail banking and wealth management country head Lim Eng Seong said that the growing importance of digital innovation will shape the next […]

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