th01
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Alipay retains its allure

Alipay’s transaction volume in Thailand ranked No.2 globally, behind Hong Kong, and was tops in Southeast Asia, tallying 1.4 times last year’s volume, while the average spending per user of 1,584 yuan (7,501 baht) was 0.95 times last year’s figure. During China’s Golden Week holiday (Oct 1-7), Alipay, the world’s largest mobile payment and lifestyle platform, […]

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Philippine finance chief expects 6.5% GDP growth

MANILA: Philippine finance secretary Carlos Dominguez said the economy would sustain growth exceeding 6% this year, as investment and infrastructure spending help counter the impact of higher interest rates. “We’re confident that we can weather the storms but we’re not complacent,” Dominguez said in an interview with Bloomberg Television in Bali yesterday, when asked about inflation. […]

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Monetary Authority of Singapore
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Singapore tightens monetary policy on steady growth outlook

SINGAPORE: Singapore’s central bank tightened monetary policy for a second time this year, encouraged by steady economic growth despite worsening U.S.-China trade tensions. The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool, raised the slope of its currency band slightly, according to a statement on its website Friday. That […]

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Myanmar: More mixed-use projects springing up in Yangon

Over the last few years, more and more building projects featuring a combination of residential units, hotels, shopping centres and office spaces have been coming up around the city. The projects, called mixed-use developments, will add to the vibrancy of the city although there are those who fear they will compound the traffic situation. The […]

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Singapore still the top choice for US investments in Asia

SINGAPORE remains the biggest catchment area for American direct investments in Asia. Some US$15 billion were poured into factories and offices in the city state last year, raising the level of investments from the United States to a book value of US$274.3 billion in Singapore – more than the combined US investments in China (US$107.6 billion) and Japan (129.1 billion), […]

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Domestic private investment is key for Vietnam to achieve SDGs: UNDP

The Hanoitimes – Domestic private investment is yet to fulfill its increasing role as a driver of Vietnam`s lower middle-income economy, according to UNDP`s director. Accelerating the development of the private sector and expanding domestic private finance are key priorities for Vietnam to meet the financial requirements to achieve the Sustainable Development Goals (SDGs), stated Haoliang […]

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