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Myanmar: CBM raises annual credit card rates to 20pc

The Central Bank of Myanmar (CBM) has raised annual credit card interest rates to 20 percent from 13pc as it wants to control unsecured lending operations, an official from the CBM told The Myanmar Times. The CBM announced that banks can charge a maximum of 20pc in interest rates on credit cards on April 24. “The […]

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Malaysian palm oil price falls 1% in early trade

KUALA LUMPUR: Malaysian palm oil futures opened lower on Thursday morning, falling to its lowest in nearly seven weeks. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was last down 1.1 percent at 2,073 ringgit ($501.33) a tonne. FUNDAMENTALS * Malaysian palm oil futures fell to its lowest in six weeks on […]

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Thailand: Tax perk’s impact seen as minimal

The government’s latest tax perk for property will likely have a minimal impact on the housing market because only a handful of homebuyers will qualify for benefits, say property analysts. Phattarachai Taweewong, associate director of research for property consultant Colliers International Thailand, said the new stimulus measures for the property sector may not help boost […]

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Lazada sees double digit growth in Philippines

MANILA, Philippines — Lazada, Southeast Asia’s biggest online and shopping platform, expects its Philippine business to grow by double digit and outpace the growth of the market this year as it takes advantage of the rising demand for fashion and beauty products from the young female segment and increasing number of shoppers outside Metro Manila. “I think we […]

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Vietnam manufacturing activity hits 4-month high in April

The Hanoitimes – The main positive from the latest Vietnam manufacturing PMI survey was a return to employment growth, the first rise in three months, as firms gained confidence that the soft patch at the start of the year is now a thing of the past. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) rose […]

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