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CPTPP pressurizes Vietnam to speed up institutional reforms

The Hanoitimes – Whether Vietnam could take advantage of the CPTPP would depend on the country’s institutional capabilities and local enterprises’ adaptability. The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) that has a clear timeline for signatories to realize their commitments would help speed up institutional reforms in Vietnam, according to Nguyen Thi Thu Trang, director of […]

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World Bank to review again Malaysia’s 2020 GDP growth

KUALA LUMPUR: The World Bank Group is reviewing Malaysia’s economic growth again for 2020, measured by gross domestic product (GDP), given the 2019 novel coronavirus (Covid-19) outbreak, said its representative to Malaysia and country manager Firas Raad. This marks the second time that the group reviews the country’s economic growth for this year, after it revised […]

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Indonesia moves closer to rate cut on virus

Indonesia’s central bank may be ready to cut interest rates again after a three-month pause as policy makers look to head off the impact of the coronavirus on Southeast Asia’s biggest economy. Bank Indonesia will probably lower its benchmark rate by 25 basis points to 4.75 percent Thursday, according to 19 of the 31 economists surveyed by Bloomberg. […]

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Myanmar: Corn exports delayed

Myanmar and Thailand have yet to sign a Memorandum of Understanding for a 12-month contract for Thailand to import corn as Thai growers are opposing such an agreement, according to the Ministry of Commerce. Under a bilateral agreement between Thailand and Myanmar, corn exports were to be exempt from tax from February 1 to August […]

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Thailand: Japanese cancel tours en masse

Thai tourism has been dealt another massive blow after 80% of Japanese tour groups cancelled packages to Thailand, prompting tour operators to urge airlines to reduce frequency of flights. Thais travelling to Japan have also dropped by 20%. Anake Srishevachart, president of the Thai-Japan Tourism Association, said 80% of Japanese groups have cancelled packages to […]

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