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Indonesia: Furniture exports see 5 percent increase: Ministry

Furniture exports have reached US$1.4 billion in the first 10 months of the year , 4.83 percent higher than the $1.33 billion earned in the same period last year, says the Industry Ministry.  The ministry’s small and medium manufacturer director general, Gati Wibawaningsih, attributed the export increase to a number of activities organized by the ministry, including training for workers, […]

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Slow privatization hinders Vietnam from luring more foreign investment

The Hanoitimes – The government will intensify inspections over not only all SOEs and state-funded projects, but also over the heads of these enterprises about how they have obeyed state regulations about privatization and divestment. The pace of the country’s state-owned enterprises (SOEs) privatization has remained languid this year despite the government’s efforts, preventing foreign investors […]

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East Asian countries issue declaration on marine resources

MANILA, Philippines — Countries bordering on the seas of East Asia have issued a joint declaration reaffirming their commitment towards the conservation and sustainable development of coastal and marine resources in the region. Environment ministers and heads of delegation of Cambodia, China, Indonesia, Japan, Laos, North Korea, Singapore, South Korea, Timor-Leste, Vietnam and the Philippines […]

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Thailand: New rules, new paradigm

Property developers are hastily preparing strategies to cope with the Bank of Thailand’s new requirements on mortgage lending, as the measures will have an impact on some homebuyer segments next year.  Peerapong Jaroon-ek, chief executive of SET-listed developer Origin Property Plc, said the new requirements will directly affect the speculation market and buyers of second and subsequent […]

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Indonesia: Indef highlights three economic issues in 2019

The Institute for Development of Economics and Finance (Indef) has underlined three major economic issues the government should address in 2019 – the  current account deficit, low-quality human resources and heavy dependency on natural resources for export. Indef economist Bhima Yudhistira Adhinegara said the government needed to narrow the current account deficit to US$8.8 billion or 3.37 percent to the […]

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