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Myanmar: No approvals required for commercial livestock farming investments below $5M

Only capital investments in commercial livestock farming exceeding $5 million or K6 billion will require approval from the Ministry of Agriculture, Livestock and Irrigation, according to the Myanmar Investment Commission on Wednesday.  Investments in commercial livestock farming below $5 million will no longer require government approval.  Investments in livestock and fisheries, which include those in […]

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Singapore Budget 2018: PayNow to be extended to businesses, public agencies

BUSINESSES will soon be able to receive payments from other businesses and even consumers through homegrown funds transfer tool PayNow, announced Vivian Balakrishnan, Minister-in-Charge of the Smart Nation Initiative, at the Committee of Supply debate yesterday. The Business Times understands that PayNow Corporate will be launched around August this year, and will likely impact B2C […]

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Indonesia: Inflation recorded at 0.17 percent in February

The Central Statistics Agency (BPS) recorded 0.17 percent month-on-month inflation in February, compared to 0.62 percent inflation in the previous month. Cumulative inflation in January and February was recorded at 0.79 percent, while year-on-year inflation was recorded at 3.18 percent in February. “Inflation was sparked by price increases in all spending components from processed foods, […]

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Thailand again ‘thinking’ about joining TPP

Thailand is considering applying to join the 11-nation trade deal that was initiated by ex-president Obama but abandoned by President Donald Trump on his first day in office. Negotiations over the deal were concluded in January by the countries — Singapore, Brunei, Malaysia, Vietnam, Australia, Mexico, Canada, Peru, Chile, Japan and New Zealand — who […]

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Malaysia auto sales among worst in Asean in 2017

KUALA LUMPUR: The sale of vehicles increased in all Asean countries except Malaysia and Brunei last year. Total sales in Malaysia fell by 3,450 units to 576,635 from 580,085 in 2016, according to the Asean Automotive Federation (AAF). The Edge Markets quoted the AAF as saying Brunei sold 15% less in 2017 at 11,209 units. […]

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ASEAN’s potential ‘yet to be fully realised’: Lim Hng Kiang

SINGAPORE: Currently the sixth-largest economy in the world and projected to be the fourth-largest by 2030, ASEAN’s potential has “yet to be fully realised”, said Minister for Trade and Industry (Trade) Lim Hng Kiang on Thursday (Mar 1). “With our young population, growing middle class and rapidly increasing urbanisation, ASEAN’s potential has yet to be fully […]

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