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Thailand: Four banks cut retail, overdraft rates

The four biggest commercial banks have passed on the central bank’s 25-basis-point policy rate cut almost in full, slashing their minimum retail rate (MRR) and minimum overdraft rate (MOR) from Thursday. Kasikornbank (KBank), Krungthai Bank (KTB) and Bangkok Bank (BBL) cut their MOR and MRR by 25 basis points, while Siam Commercial Bank (SCB) lowered […]

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European businesses worried about security in Indonesia

European businesses operating in Indonesia have become increasingly concerned about security risks in the country, a recent joint survey by European business chambers has revealed. The survey was compiled in the 2019 Business Confidence Index, which concludes that 60 per cent of the respondents are still upbeat about Indonesia’s business momentum. Beyond the usual issues […]

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Malaysia: July CPI up 1.4%, slightly below forecast

KUALA LUMPUR: Malaysia’s consumer price index rose 1.4% in July from a year earlier, a bit slower than the previous month, government data showed.Economists surveyed by Reuters had forecast for the index to climb 1.5% year-on-year in July, matching the pace in June. June’s annual inflation rate was the fastest in more than a year, […]

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