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Philippines: Businesses turn more optimistic in Q2, but consumers wary of higher prices

MANILA, Philippines — Businesses turned more optimistic for the second straight quarter in the second quarter, but Filipino consumers are wary of higher prices and expenses, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Redentor Paolo Alegre, director of the central bank’s Department of Economic Statistics (DES), said results of the latest Business Expectation Survey […]

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Thailand’s Kasikornbank partners with Vietnam incubator to support startup community

The Hanoitimes – Kasikornbank subsidiary KVision had earmarked US$245 million to invest in Thai and foreign startups, particularly those in Vietnam. Kasikornbank, Thailand’s second-largest lender, is partnering with state-run Vietnam’s Business Startup Support Center (BSSC) to help Thai and Vietnamese startups with their regional expansion plans, Nikkei Asian Review reported. Following a memorandum of understanding signed […]

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Thailand: FTI seeks measures to rein in baht

The Federation of Thai Industries (FTI) is calling on the Bank of Thailand to launch new measures to rein in the baht’s rapid gains after the currency hit a more than six-year high, aiming to prevent the export slump from deepening. “The baht is making wild swings and is strong,” said chairman Supant Mongkolsuthree. “The […]

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Cambodia: Ministry calls for private sector aid in logistics

With the aim of enhancing road, waterway, and railroad connectivity, the Public Works Ministry has called on the private sector to participate in the acceleration of the establishment of a logistics complex in Phnom Penh. For in depth analysis of Cambodian Business, visit Capital Cambodia Pich Chhieng, director of the general directorate of logistics at the […]

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Asian firms lead world in pursuing tech, sustainability

Businesses across Asia increasingly believe the strongest opportunities for future growth lie in technology, sustainability and developing talent to harness digital advancement, according to a new global survey by HSBC . While more than a third of Asian businesses are prioritising expansion into new markets, even more are turning their attention to improving productivity and […]

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