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Singapore bank lending weakens in December: MAS

SINGAPORE – Bank lending in Singapore was down 0.3 per cent in December from the previous month, preliminary data from the Monetary Authority of Singapore (MAS) on Wednesday (Jan 31) showed. This reversed from the 0.6 per cent month-on-month gain in November. Loans through the domestic banking unit – which captures lending in all currencies, […]

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Cambodia: Digital signature system one year out

A system to authenticate electronic documents for individuals and businesses that was approved by Prime Minister Hun Sen in a sub-decree late last year will take at least another year before it is fully implemented. An event held yesterday at the Ministry of Posts and Telecommunications outlined the basic concept of what the country’s digital […]

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Thailand: BOT warns institutions allowing baht speculation

The Bank of Thailand (BOT) has issued a warning to financial institutions in Thailand to cease transactions that may counter measures to prevent speculation on the baht. BOT assistant governor for Financial Markets Operation Group Vachira Arromdee said that after more rigorously monitoring foreign exchange transactions, some financial institutions in Thailand were found to have […]

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Philippines: Inflation seen steady at 3.3% in Jan

MANILA, Philippines — Inflation likely remained steady at 3.3 percent in January as the drop in housing, utilities, and clothing prices was able to offset the rise in transport rates during the period, the Department of Finance (DOF) said. In an economic bulletin, the DOF said the inflation rate in January may have remained unchanged […]

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Vietnam licensed 166 new FDI projects in 2018

The Hanoitimes – Foreign investors registered to pour nearly US$890 million into 227 new and existing projects in Vietnam in January 1-20. Reports from the General Statistics Office (GSO) showed that of the sum, $442.6 million came from 166 new projects, down 64.4% and 5.1% year-on-year, respectively. Another $456.8 million was added to 61 existing projects, […]

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Singapore: Services, manufacturing firms still positive about business prospects for first-half 2018

SINGAPORE – More companies in the services and manufacturing sectors still expect business prospects for the next six months to improve, but sentiment for both have dipped since the previous quarter. Results of two surveys on firms’ business expectations for January to June 2018 were released separately on Wednesday (Jan 31). The Economic Development Board […]

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