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Singapore Q4 GDP growth at 2-year low, warning for manufacturing

SINGAPORE: Singapore‘s economy grew at its slowest pace in more than two years in the fourth quarter, data showed on Friday, as the trade ministry warned manufacturing is likely to see a “significant moderation” this year. Weakening growth momentum for Singapore‘s open economy – a high-tech manufacturing base and transportation hub – underscores the risks to Asia’s export economies from the protracted U.S.-Sino trade war. “The pace of growth in the […]

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Philippines: Retail prices of construction materials in NCR rise

MANILA, Philippines — Retail prices of selected construction materials in Metro Manila accelerated in January as price increases were seen in electrical, masonry and miscellaneous building materials, the Philippine Statistics Authority (PSA) reported yesterday. The Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) rose 2.5 percent in January 2019 from 2.4 […]

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Made-in-Vietnam products remain locals’ favorite

The Hanoitimes – Domestic companies are focusing more on the product quality instead of variety to gain consumers’ trust and competing with foreign goods. Vietnamese products still dominate the local market, as a recent survey conducted by the Association of High-quality Vietnamese Products showed that 89% of respondents said they prefer Vietnamese products and 93% frequently […]

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Thailand: DIGITAL PAYMENT TO TAKE CENTRE STAGE

The Bank of Thailand plans to make digital payment the main payment channel in the next three years. Central bank governor Veerathai Santipraphob, said yesterday that the central bank and other parties would create an ecosystem for digital payment to become the main channel of payment in the kingdom.  The system would be cost efficient, […]

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Malaysia: Instil investor confidence, urges Wahid

KUALA LUMPUR: Ensuring investor confidence in the Malaysian economy and its potential growth is crucial for the country to sustain its growth momentum, going forward, said Tan Sri Abdul Wahid Omar, chairman of the board of directors, Universiti Kebangsaan Malaysia. While saying that more than two-thirds of the Malaysian economy was driven by investments and […]

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