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Myanmar favours China over US, survey shows

A survey by a Singaporean think tank has revealed that some 61.5 percent of Myanmar respondents would choose to side with China if asked to align with a global power. However, despite the preference, a deterioration of trust towards China was observed with over half of the Myanmar respondents indicating distrust of China’s contributions to […]

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Philippines: BOI investments hit all-time high

Exceed P1 trillion for first time MANILA, Philippines — Trade Secretary and BOI chairman Ramon Lopez told reporters yesterday total investments approved by the agency reached P1.14 trillion in 2019, the third consecutive record year for investment approvals. Compared to the P915 billion worth of investments approved in 2018, last year’s investments tally went up […]

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Thailand: Lures for private imports cued

The government is set to launch fresh measures to stimulate private investment and encourage Thai companies to import more goods, in part to stem the strong baht. Deputy Prime Minister Somkid Jatusripitak said he has already instructed the Revenue and Customs departments to devise additional incentives to entice more private investment and promote Thai companies […]

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Thailand: SCB wants Myanmar licence

Siam Commercial Bank is seeking approval from the Central Bank of Myanmar (CBM) to upgrade SCB’s representative office to operate under a bank subsidiary licence in the neighbouring country. The subsidiary model would offer SCB greater opportunities to do banking business in Myanmar, said chief executive Arthid Nanthawitthaya. Among the three options that the CBM […]

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