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Vietnam – “new tiger” in Asia

The Hanoitimes – Vietnam is an important economy and is among those with the fastest growth rates of the world. Vietnam is recognized by the world’s prestigious organizations as the new economic tiger of Asia, said Secretary General of the Baoao Forum for Asia Li Baodong at the Vietnam – China Economic Promotion Forum in Hanoi […]

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Cambodia: Gov’t introduces reforms to ensure VAT refund

The Agriculture Ministry yesterday said Cambodia is still waiting for Vietnamese companies to invest in Cambodia’s cashew, after a Memorandum of Understanding was signed almost a year ago. In January, the ministry signed the MoU with the Vietnam Cashew Association to bolster Cambodia’s cashew production to one million tonnes per year. “They wanted to come […]

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Bank Indonesia maintains key rate at 6 percent

Bank Indonesia (BI) maintained on Thursday its policy rate at 6 percent despite the United States Federal Reserve’s decision to increase its benchmark rate by 25 basis points to  a range of  2.25 to 2.5 percent. BI also maintained its lending and deposit facilities at 6.75 percent and 5.25 percent, respectively. “Although the Fed has […]

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Philippines: PSE tightens fairness evaluation rules

MANILA, Philippines — The Philippine Stock Exchange Inc. (PSE) will tighten rules on fairness evaluation in a bid to address complaints from shareholders who are unhappy with the valuation of their shares when there is a tender offer. PSE president and CEO Ramon Monzon said the PSE has proposed to select the fairness opinion evaluators […]

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Thailand: BORDER TRADE TIPPED TO GROW 4% IN 2019

The International Institute for Trade and Development forecasts that Thailand’s border trade will see growth of 4 per cent in 2019 compared with this year, reflecting sustained demand for Thai products from neighbouring countries, the institute’s director and secretary, Kamalinne Pinitphuvadol, said yesterday. He said that from January to August this year, the border trade […]

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