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Philippines: BSP sees inflation peaking earlier than expected

MANILA, Philippines — Inflation may peak earlier-than-expected this year due to the lower-than-expected turnout for the month of May, according to the Bangko Sentral ng Pilipinas (BSP). BSP Deputy Governor Diwa Guinigundo said inflation may peak sooner than the fourth quarter forecast as inflation accelerated to just 4.6 percent in May from 4.5 percent in […]

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More foreign investors eye Vietnam’s real estate market

The Hanoitimes – Interest of foreign investors in the country’s real estate is rising significantly with the market seeing more large-sized projects underway in recent months. During a recent working session with Ho Chi Minh City’s leaders, CEO of Lotte Asset Development Lee Kwang Young released plans to start construction of a smart complex in the […]

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Cambodia Post launches e-payment, money transfer app

In a bid to modernise its offer of services, Cambodia Post, the state agency responsible for providing postal service in the Kingdom, on Friday unveiled a new application that enables electronic payments for a range of services as well as money transfers. Called ‘posTTransfer’, the new application allows users to perform domestic and international money […]

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Indonesia: Government removes income tax for sugar

The government removed on Friday income tax on sugar as part of its attempt to maintain the government’s purchasing price at Rp 9,700 (69 US cents) per kilogram. The decision was made during a meeting at the State Palace in Jakarta attended by relevant officials and ministers. Trade Minister Enggartiasto Lukita said the government preferred to […]

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Malaysia: Daim considers basic income fund

KUALA LUMPUR: A top adviser to Prime Minister Mahathir Mohamad is considering an overhaul to Malaysia’s social safety net by setting up a fund that pays out basic income to the poor. Last year alone, the government spent about 37 billion ringgit ($9.3 billion) on subsidies, various kinds of aid, and cash handouts known as […]

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