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Philippines: Liberalized sugar importation contradicts Duterte’s food security goal

MANILA, Philippines — The planned liberalization of the sugar industry is a direct contradiction of the government’s thrust toward food security, sugar producers claimed as they gear up for a major opposition against the move. The Confederation of Sugar Producers Association (CONFED) said stakeholders and some government leaders are now mobilizing to oppose Budget chief […]

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Thailand: EEC gets 400,000 rai for development

As much as 400,000 rai will be designated for industrial areas within the government’s flagship Eastern Economic Corridor (EEC).  Monton Sudprasert, director-general of the Public Works and Town and Country Planning Department, said a town planning draft for the EEC was approved by the EEC Policy Committee chaired by Prime Minister Prayut Chan-o-cha last week. The […]

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Grab Myanmar unveils new services, expansion plan

Following its substantial growth last year, Grab, a Singapore-based technology firm  providing the most popular ride-hailing service in Myanmar, announced on Thursday its plans for expansion in the market, according to Alvin Loh, acting country manager of Grab Myanmar. “We have set the bar high but we are eager to raise it even higher,” he […]

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Indonesia: Industry associations welcome eased export policy

Exporters have welcomed the government’s short-term policy to boost exports by reducing the number of the commodities requiring surveyor reports (LS’s) and those on the restricted exports list. Indonesian Exporters Association (GPEI) chairman Benny Soetrisno said the government’s plan to ease export procedures was a good step, because the LS process required time and was costly for exporters. Benny believed the […]

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Malaysia’s net inflow increases to RM480mil

KUALA LUMPUR: Net inflow into the country stood at RM479.6 million as of Jan 24, surpassing last week’s total net inflow of RM471.3mil while foreign institutional funds turned net buyers pumping in RM293mil versus RM417mil recorded the previous week, say economists. These positive developments suggest that values have emerged among Malaysian stocks at a time […]

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