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Indonesia: Tax Revenue Increases in October

TEMPO.CO, Jakarta – The Directorate General of Tax of the Finance Ministry reports that tax revenue has increased by 25 percent in October compared to the previous month. September saw Rp84.7 trillion in tax revenue, whereas this month it has hit Rp105.87 trillion. “Meaning that the growth is quite significant. Value added tax [PPN] grew 20 percent […]

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Vietnam: CPI increases 0.41% in October

The Hanoitimes – With the Consumer Price Index (CPI) in October increases 0.41% compared to the same period of previous month, the average inflation rate of the first 10 months is 3.71%, which is still under control. According to the General Statistics Office, the CPI in October increases 0.41% compared to previous month, up 2.98% compared […]

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Vietnam: Consumer finance segment attracts foreign investors

The Hanoitimes – Foreign investors are hunting to acquire Vietnamese finance companies as outstanding consumer loans are forecasted to reach the threshold of VND1 quadrillion (US$44.05 billion) by 2019. There has recently been information about the intention of Prudential Vietnam to sell its finance company for US$150 million or Vietnam Technological and Commercial Joint Stock Bank […]

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Malaysia: Cheaper cross-border money transfers

PETALING JAYA: MoneyMatch Sdn Bhd, a homegrown company approved by Bank Negara, has launched its “Transfer” portal, a fully digital cross border remittance service offering exchange rates and fees far cheaper than incumbent banks. The Transfer portal allows users to conduct their entire transactions online via the MoneyMatch mobile app and the web platform. It […]

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Philippines expects October inflation of 3.2-3.7%

MANILA: The Philippine central bank said on Monday annual inflation in October was expected within the 3.2% to 3.7% range, with higher energy costs, water rates and a weaker peso contributing to upward price pressures. Headline inflation in September was 3.4%, bringing nine-month average inflation to 3.1%. Average inflation is expected to remain within the […]

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