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Malaysia’s sustained public accounts transparency is credit positive, says Moody’s

KUALA LUMPUR: Malaysia’s Budget 2019 indicates greater transparency in the country’s public accounts and a focus on inclusive growth, which if sustained, will be credit positive, says Moody’s Investors Service. “However, in the near term, a still high fiscal deficit and heightened reliance on volatile oil-related revenues will weaken Malaysia’s fiscal profile, a credit negative,” […]

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Thailand: Mass-market eco-car stimulus on the way

The Industry Ministry will roll out an incentive programme to encourage six eco-car manufacturers to make electrified eco-cars after finding that the electric vehicle scheme was ineffective at boosting mass-market production of EVs. “The ministry is working on a new programme called Eco EV, which is aimed at offering incentives for eco-car makers,” said Nattapol Rangsitpol, […]

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Deposits in Vietnam banking system up 10% in 9 months

The Hanoitimes – Deposits at three major state-run banks stood at VND2,550 trillion (US$110.04 billion), accounting for 46% of total deposits at 28 banks, CafeF reported. Deposits at 28 banks operating in Vietnam as of September 2018 reached VND5,495 trillion (US$236.88 billion), up VND488 trillion (US$21.04 billion) or 9.76% compared to the beginning of the year. […]

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India-Cambodia direct flight expected ‘soon’

Hopes of a direct flight between Cambodia and India were re-kindled this week, with the Indian Ambassador announcing that the flight is expected “soon”. In a meeting on Monday in Phnom Penh, Ambassador Manika Jain told Mao Havannal, Secretary of State for Civil Aviation, that India “has plans to operate a direct flight to Cambodia” […]

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Philippine economy grows slower in Q3

MANILA, Philippines (Update 2, 2:19 p.m.) — The Philippine economy expanded at a slower pace in the third quarter amid weak consumer spending and lackluster agriculture growth, which may give the central bank a chance to hit the pause button on policy tightening to rein in inflation. Gross domestic product — or the value of all finished goods and services […]

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