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Progress made on RCEP issues

Countries backing the  Regional Comprehensive Economic Partnership (RCEP) have resolved  17  trade issues this year, while leaving unfinished matters to reach finalisation next year.  RCEP is the proposed free trade agreement (FTA) between ten members of Asean – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and six AsiaPacific states with […]

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Myanmar: Better oil and gas deals needed in the future, say experts

Efforts must be taken to lessen Myanma Oil and Gas Enterprise’s (MOGE) tax burden from contracts signed with joint-venture firms to work offshore oil and gas fields, a report states. According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report by  the Natural Resource Governance Institute (NRGI) and Renaissance Institute, […]

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Oil, commodities price dampener for Malaysia

PETALING JAYA: Tumbling crude oil prices have stoked concerns over the government’s ability to meet its budget deficit target in 2019. The market has also turned nervy, considering the potential impact on oil and gas (O&G) companies as well as the government’s coffers. The Brent crude oil futures closed at US$65.46 per barrel as at […]

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Philippines: Term deposit rates climb

MANILA, Philippines — Term deposit rates rose across-the-board to hit record levels ahead of the rate-setting meeting of the Bangko Sentral ng Pilipinas (BSP) scheduled today. The seven-day term deposits fetched a record yield of 4.8291 percent, 8.49 basis points higher than last week’s 4.7442 percent, while the rate of the 14-day tenor increased 7.52 […]

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