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Thailand: Baht rally ‘short term’

The baht’s further upside bias to the US$34-mark is seen as a short-term run on the back of persistent offshore fund inflows, largely to the Thai bond market, prompted by a perception that the local currency is a safe haven, says a senior official at Phatra Securities. The firmer baht is setting a trend as […]

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Indonesia: Government Admits Difficulties in Collecting Debts

TEMPO.CO, Jakarta – The Energy and Mineral Resources Ministry admitted that they are having difficulties in collecting debts in the oil and gas upstream sector because most oil and gas company contracts have expired. “Many of their [contracts] have been terminated. What should we do?” said Inspector General of the Energy and Mineral Resources Ministry Mochtar Husein […]

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Laos: Border crossings surge at Saravan entry point

Great changes are in evidence since the Lalay border crossing was upgraded to an international checkpoint between Saravan province in Laos and Quang Tri province in Vietnam in June 2014. Director of the Saravan provincial Department of Information, Culture and Tourism, Mr Somchay Ounchit, told Vientiane Times on Tuesday that the number of tourists crossing […]

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Philippines: Businessmen upbeat on Philippine economy – MBC

MANILA, Philippines – Business executives in the country remain highly optimistic in their outlook on the Philippine economy despite anticipation of higher inflation and interest rates this year coupled with a critical outlook on trade, a survey conducted by the Makati Business Club (MBC) showed. MBC’s First Semester Executive Outlook Survey for 2017, released yesterday, […]

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