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Singapore: MAS to strengthen Singdollar at faster pace; expects economic growth to moderate in 2019

THE Monetary Authority of Singapore (MAS) is slightly increasing the pace of the Singapore dollar’s appreciation in keeping with a “modest and gradual appreciation path… that will ensure medium-term price stability”, marking the central bank’s second consecutive tightening at its half-yearly monetary policy review. The width of the policy band and the level at which […]

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Thailand: Somkid urges action on fuel prices

DEPUTY PRIME MINISTER Somkid Jatusripitak yesterday called on energy giant PTT and the Energy Ministry, among others, to come up with measures to ease the looming impact of rising oil prices on low-income earners. Somkid, citing the potential cost burden on workers such as taxi drivers and taxi motorcyclists, was speaking as he delivered policies […]

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Vietnam’s insurance industry grows 25% in 9 months

The Hanoitimes¬ – During the January – September period, insurance companies reinvested VND293.31 trillion (US$12.59 billion) into the economy, up 26.8% year-on-year. The total premiums collected by insurance companies in Vietnam stood at VND93.76 trillion (US$4.02 billion) in the nine months through September, up 24.63% year-on-year, according to the Ministry of Finance.¬ Upon breaking down, non-life […]

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Myanmar: Govt to spend more on health, education; but funds for agri lacking

The Union Budget Law for 2018-2019 which includes the government‚Äôs income and expenditure estimates has been approved by the Pyidaungsu Hluttaw. Those estimates include K19.9 trillion and K24.7 trillion, respectively, for income and expenditure during the period, resulting in a fiscal deficit of K4777 billion, according to budget estimates released by the government.¬ The Ministry […]

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Four Asean nations to lift barriers to cross-border investment advisory

SINGAPORE – South-east Asian financial regulators have agreed to allow cross-border investment advisory services and to set standards for social and sustainability bonds, according to announcements from the¬ Asean Capital Markets Forum¬ (ACMF) in Singapore. The forum has launched a framework to facilitate cross-border movement of investment advisers to give investors within the¬ Asean¬ member countries greater access to […]

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Facebook uploads property service in Thailand

Thailand is the first country in Asia-Pacific to see the launch of Facebook’s new Marketplace category, Property for Rent.¬ Globally, Thailand is the fifth market (after US, Canada, France and Britain) in which Facebook has introduced Property for Rent, said Mayank Yadav, product manager of¬ Facebook Marketplace.¬ Thailand is an important market for Facebook, with 51 […]

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