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ASEAN NEWS UPDATES                 Updated: 15 March 2010

• Thailand: Grenade attack raises tension as red-shirt protests
Grenade explosions that wounded two soldiers at a Thai military base raised tensions in Bangkok mid-Monday as tens of thousands of anti-government protesters massed at another barracks on the outskirts of the city, reported Reuters.

• Philippine economy seen growing 4.5%
A rebound in exports amid the improving global market demand will drive a 4.5-percent full-year growth in the Philippine economy, the Philippine Daily Inquirer reported, quoting DBS Bank.

• Thirty percent of Indonesian exports to China use FTA facility
Thirty percent of Indonesian exports to China are carried out using a tariff reduction facility provided in the Asean-China Free Trade Agreement, state news agency Antara quoted Deputy Trade Minister Mahendra Siregar as saying.

• Japan to increase investment in Asean
Japanese companies are planning to increase their investment in the Association of Southeast Asian Nations (ASEAN) countries in order to make use of their abundant materials, low labour costs, investment encouragement policies and abilities to adapt to new technologies, reported VNBusinessNews.com.

• Vietnam to promote green vehicles
Vietnamese Deputy Prime Minister Hoang Trung Hai has assigned the Ministry of Industry and Trade to study ways of attracting foreign investors to the fields of energy savings and environmentally-friendly automobiles, reported VNBusinessNews.com.