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Philippines: Pork producers slam MAV Plus expansion

MANILA, Philippines — Local pork producers have slammed the move of the Department of Agriculture (DA) to expand the distribution areas of pork imports under the minimum access volume (MAV) Plus, saying it will further hurt the local sector and not reduce the prices of pork. In a viber message, Pork Producers Federation of the […]

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Malaysia’s September exports rise 24.7%, exceed forecast

KUALA LUMPUR: Malaysia’s exports in September rose 24.7% from a year earlier, beating expectations, government data showed on Thursday. The median forecast of 14 economists was for September’s exports to grow 14.6%. Malaysia’s imports in September grew 26.5% on-year. The trade surplus in the month was recorded at 26.1 billion ringgit ($6.29 billion). Source: https://www.brecorder.com/news/40129639/malaysias-september-exports-rise-247-exceed-forecast

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Thailand: Tax waiver mooted for tech VC funds

The Ministry of Digital Economy and Society (DES) has urged related agencies to consider a waiver of capital gains tax for venture capital (VC) funds investing in local tech startups, as another drive for startup investment in the country. The move is also a part of the strategies to build a digital business ecosystem as […]

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Thailand: State banks line up loans for businesses in EEC

State-run financial institutions stand ready to provide liquidity to around 175,000 business operators in the Eastern Economic Corridor (EEC) to help them deal with the impact of the ongoing Covid-19 pandemic. The move is in line with the policy of Finance Minister Arkhom Termpittayapaisith that the state-run banks join forces to support the EEC, which […]

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Malaysia: Ringgit opens lower as investors wait on tabling of Budget 2022

KUALA LUMPUR, Oct 28 ― The ringgit continued to depreciate against the US dollar at the opening on Thursday, with investors waiting on the sidelines ahead of the Budget 2022 tabling tomorrow, said a dealer. At 9.05am, the local currency eased to 4.1540/1570 versus the greenback from 4.1530/1560 at yesterday’s close.   The dealer said ringgit had been experiencing technical correction due to its […]

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