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Vietnam gov’t urges faster SOE privatization

The Hanoitimes – As of present, only 35 out of 127 SOEs subject to privatization have completed the process. Vietnam Deputy Prime Minister Vuong Dinh Hue has urged government agencies to speed up the privatization process of state owned enterprises (SOEs), which has only completed 27.5% of the target for the 2016 – 2020 period.  As […]

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Governor: Thai central bank has no need to quickly adjust policy

CHIANG MAI: Thailand’s central bank sees no need to quickly adjust its monetary policy, despite expecting lower economic growth this year, the governor said yesterday. Monetary policy decisions will still depend on economic data, Bank of Thailand (BoT) governor Veerathai Santiprabhob told reporters in the northern city of Chiang Mai. “We don’t need to react […]

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Philippines: Infrastructure spending recovers slightly in May

MANILA, Philippines — The national government’s spending on infrastructure slightly recovered in May, posting almost six percent year-on-year growth due to the implementation of foreign-assisted projects and military modernization program, according to the Department of Budget and Management. According to the DBM’s latest disbursement performance report, the government’s infrastructure and capital outlays climbed by 5.9 […]

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Asian markets hit, hopes lost for Fed rate cut

ASIAN markets retreated on Monday and the dollar held gains after a blockbuster US jobs report dashed hopes that the Federal Reserve (Fed) would slash interest rates this month. Labor Department data showed that despite recent disappointing indicators, the world’s top economy continues to show resilience as it created far more posts than expected in […]

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Cambodia: Warehouse space shortage brought to light

The Cambodia Chamber of Commerce (CCC) recently noted that investors are facing difficulties finding warehouse space to rent at special economic zones in the country. For in depth analysis of Cambodian Business, visit Capital Cambodia CCC’s vice president Lim Heng told Khmer Times that the rapid rise of investment going into the country has left little warehouse space […]

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