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Thailand: PM upbeat in spite of job losses

The government is trying to find ways to help workers who have been laid off after nearly 1,400 factories closed down during the past 11 months, Prime Minister Prayut Chan-o-cha said on Tuesday. The government also pointed to more than 2,000 new factories having opened over the period, with jobs created for over 80,000 people. […]

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Philippines: BOP in surplus for 4th straight month

MANILA, Philippines — The country posted a Balance of Payments (BOP) surplus for the fourth straight month in October as more remittances flowed into the country ahead of the Christmas season, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The country’s BOP position recorded a $163-million surplus in October, reversing the $458-million deficit recorded in […]

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Japanese automakers to invest Rp 33.4 trillion in Indonesia

Several Japanese automakers have conveyed plans for further investment in Indonesia, which should help the government implement its roadmap to build a globally competitive automotive industry. “We have received a report about Toyota Group’s expansion plan worth of Rp 28.3 trillion (US$2 billion). This will include the development of Toyota, Daihatsu and Hino [vehicles],” Industry […]

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