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Philippines: BSP sees steady remittance growth

MANILA, Philippines — Remittances are expected to continue growing despite the setbacks arising from the ban on deployment to Kuwait as well as the imposition of higher fees on remittances, the Bangko Sentral ng Pilipinas (BSP) said yesterday. BSP Deputy Governor Diwa Guinigundo said remittances from overseas Filipinos are expected to expand by four percent […]

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Cambodia: New committee to make Sihanoukville ‘fair and attractive’ for businesses

Amid worries that the ever-increasing number of foreign companies, particularly Chinese, in Sihanoukville’s hospitality sector may be taking business away from locals, authorities in the seaside province have agreed to create a joint-working group to enforce current legislation and guide the drafting of new one. The meteoric rise of tourist arrivals to the coastal areas […]

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Garuda Indonesia Wins Best Asean Airlines Program

TEMPO.CO, Cengkareng – Garuda Indonesia received an international award through the Asean Tourism Awards 2018 in Chiang Mai, Thailand, Friday, January 26. Garuda awarded for the Best Asean Airlines Program category. The award was given by the Minister of Tourism, Arief Yahya, to Director of Marketing and IT Garuda Indonesia, Nina Sulistyowati. Garuda Indonesia won because of the “AyoLiburan” […]

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Thailand: Economic growth to continue this year

THAILAND’S Finance Ministry has projected higher economic growth for this year, predicting a growth rate of 4.2 per cent and upgrading its economic forecast to 4 per cent for 2017. In its monthly and quarterly economic reports, the Fiscal Policy Office yesterday revised upward its forecast for last year’s growth rate to 4 per cent, […]

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Malaysia: Ringgit moves lower on profit-taking

KUALA LUMPUR: The ringgit opened lower against the US dollar today and on the back of mild profit taking and subdued global crude oil prices, dealers said. At 9.00 am, the ringgit stood at 3.8930/8960 against the greenback from Monday’s close of 3.8790/8840. The benchmark Brent crude recorded a 1.41 per cent decline to US$69.16, […]

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