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Singapore inflation steady at 0.6% in July; core inflation highest in four years

SINGAPORE’S headline inflation was steady in July with the consumer price index (CPI) up 0.6 per cent year-on-year, in line with economists’ expectations and unchanged from June, according to a Department of Statistics report on Thursday. Core inflation, which strips out the cost of accommodation and private road transport, rose 1.9 per cent year-on-year due to a larger […]

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Indonesia: Lobby groups oppose plan to increase import tax

The Indonesian Chamber of Commerce and Industry (Kadin) and the Indonesian Employers Association (Apindo) have opposed a government plan to increase import tax on goods that can be produced locally, saying it could backfire on the economy. “The Indonesian manufacturing industry is starting to grow. Don’t let [import tax] be counterproductive to efforts to encourage […]

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Central pushes Vietnam sites

Central Group, Thailand’s largest retail conglomerate, plans to raise the number of retail sites in Vietnam over the next five years to 720, almost four times last year’s number.  According to Philippe Broianigo, chief executive of Central Group Vietnam and Big C Vietnam, the company is allocating US$500 million to expand in Vietnam during 2018-22.  […]

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Thailand: Exports rise for 17th month

Exports grew for a 17th straight month in July, elevating their performance in the first seven months to a seven-year high.  The Commerce Ministry reported Wednesday that customs-cleared exports rose 8.3% year-on-year in July, fetching US$20.2 billion (662 billion baht), after growing 8.2% in June and 11.4% in May.  Exports in baht terms rose by 4.1% […]

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