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Malaysia: Services sector records revenue of RM339b in Q42017

KUALA LUMPUR: Malaysia’s services sector recorded strong revenue growth of RM399.70bil in the fourth quarter of 2017, according to the Statistics Department. It said on Friday the biggest contributor came from the wholesale & retail trade, food & beverages and accommodation which accounted for RM316.2bil, as it expanded 8.5% on-year.  Overall revenue of the services […]

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Bitcoin speculation allowed for Thais

Phillip Securities Thailand has allowed Thai investors to speculate on bitcoin via an international global derivatives trading service, while Thailand’s market regulators are in consensus that the move is legitimate. Such service offers bitcoin futures trading on the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME). Bitcoin futures kicked off in two […]

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Indonesia: Electric Cigarette Excise to be Published This Month

TEMPO.CO, Jakarta – Director General of Customs and Excise of the Ministry of Finance Heru Pambudi said that the technical regulations on electric cigarette excise tax will be issued immediately. The regulations will also include excise from other tobacco processing products, such as e-cigarette, liquid vape, and also chewing tobacco. “The regulation will come out this mid-month,” he said, […]

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Cambodia: Kingdom’s banks see rising foreign influx

Cambodia’s banking sector saw an almost 32 percent increase in foreign capital inflow in 2017, a result of new foreign banks and stricter capital requirements set by the National Bank of Cambodia, according to the central bank’s annual report. The nonbanking sector saw a more modest 0.8 percent increase in foreign capital inflow last year, […]

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Philippines readies global bonds sale in Q1

MANILA: The Philippines is looking to issue sovereign bonds in the first quarter of the year to help finance this year’s budget, its finance minister said, signalling the government is stepping up efforts to upgrade the nation’s infrastructure. Finance Secretary Carlos Dominguez told a news conference the bond offering could happen between January and February, […]

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