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Brunei: Faster cashless payment for card users

THE Bank Islam Brunei Darussalam (BIBD) intensified its efforts in promoting cashless payments in Brunei by launching an integrated payment solution with Makan Ceria Sdn Bhd at McDonald’s Brunei Gadong Branch last Friday. The integration of the point-of-sale (POS) terminal with cash register system enables entering cashless payment details in cash register system, which will […]

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Philippines: Inflation slows to 3% in April

MANILA, Philippines — The increase in consumer prices slowed further in April, hitting its lowest level in 16 months primarily due to the falling cost of food, housing and utilities, the Philippine Statistics Authority (PSA) reported yesterday. The headline inflation eased to three percent from 3.3 percent in March 2019 and 4.5 percent in April […]

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International rating agencies confident Malaysia can reach fiscal targets

PETALING JAYA: International rating agencies are confident Malaysia will meet its fiscal targets, particularly the 3.4% fiscal deficit-to-gross domestic product (GDP) ratio this year, according to the Finance Ministry (MoF). The ministry issued a statement yesterday following Finance Minister Lim Guan Eng’s recent visit to the United States in April, where he engaged with international […]

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Thai SME digital readiness third in region

The digital transformation of Thai small and medium-sized enterprises (SMEs) was ranked third out of six countries surveyed in Asean, following Malaysia and Singapore, according to a study commissioned by Cisco Systems.  Cisco partnered with the Office of Small and Medium Enterprise Promotion (Osmep) to increase the digital capabilities of 200,000 local SMEs, which partly contributed […]

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Malaysia: Ringgit dips against USD on slow inflation rate

KUALA LUMPUR: The ringgit opened lower against the US dollar today on concerns over the country’s inflation rate, a dealer said. At 9 am, the local unit was traded at 4.0900/0950 against the greenback from Friday’s close of 4.0870/0900. SPI Asset Management head of trading and market strategy Stephen Innes said the tepid domestic inflation […]

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South Korean investors solidify foothold in Vietnam through M&A

The Hanoitimes – There are immense opportunities for partnerships between South Korean and Vietnamese firms, especially as the former are seeking opportunities to expand in the region. High growth potentials of the Vietnamese market has urged South Korean investors to make more merger and acquisition (M&A) deals with local firms to optimize business opportunities. South Korean […]

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