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Thailand: April roll-out for stimulus floated

The government looks poised to introduce a fresh economic stimulus package after the economy slipped to a five-year low in growth last year and a possible contraction in the first quarter of this year. Finance Minister Uttama Savanayana, on a trade delegation to Japan chaired by Deputy Prime Minister Somkid Jatusripitak, said the ministry is […]

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Indonesia posts $864m trade deficit in January as oil and gas exports slump

Indonesia recorded a US$864 million trade deficit in January on the back of plummeting oil and gas exports, Statistics Indonesia (BPS) announced on Monday. The country recorded a total of $13.41 billion in exports in January, a 3.71 percent decrease year-on-year (yoy), while total imports fell 4.78 percent yoy to $14.28 billion. Indonesia’s oil and gas exports experienced the largest decline, falling 34.7 percent yoy […]

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Cambodia, China closer to FTA signing deal

Cambodia and China say they are now planning to sign a free-trade deal some time later this year. The move came after the duo wrapped up their first-round negotiations, which were held last month in Beijing, China. The Ministry of Economy and Finance late last week held a meeting discussing the result of the first-round […]

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E-wallet adoption boosts Malaysia’s SMEs

TAWAU (BERNAMA) – The adoption of e-wallet digital payments among Malaysia’s small and medium-sized enterprises (SMEs) can spur the competitiveness of the sector domestically and internationally, according to an academician at Universiti Malaysia Sabah (UMS). Its Labuan International Finance Faculty senior lecturer Dr Suzillah Sidek said, e-wallet could directly increase the contribution of SMEs to […]

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Singapore downgrades 2020 growth forecast on virus outbreak; 2019 GDP slows to 0.7%

SINGAPORE’S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of negative growth should the novel coronavirus outbreak be more severe than anticipated, even as 2019 full-year growth came in consistent with earlier flash estimates. The Ministry of Trade and Industry (MTI) is expecting full-year gross domestic product (GDP) growth […]

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