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Malaysia: Banks’ lending activity remains robust

PETALING JAYA: Banks are not restricting lending activities amid concerns that lenders have been reluctant or stringent in their financing. While emphasising on the importance of financing to different customer groups, commercial banks said the disbursement of loans were in line with responsible lending guidelines and balanced against their risk metrics. House buyers, according to […]

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Bangkok Airways expresses interest in opening routes to Bagan

Bangkok Airways, a Thai regional airline, is interested in opening a direct route between Bangkok and Bagan, which has just been accorded the World Heritage Site status by UNESCO. Bagan, an ancient site of Buddhist temples, monasteries and fortifications in Mandalay Region, already popular with tourists, could see more interest now that it has finally […]

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Philippines: GDP growth to accelerate next year — HSBC

MANILA, Philippines — British banking giant HSBC expects a faster economic growth for the Philippines next year as almost half of the flagship priority projects under the government’s Build Build Build program go on stream. Joseph Incalcaterra, chief economist at HSBC, said the Philippine economy may expand by 6.4 percent next year. “Our assumption for […]

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Cambodia issues new rules on contracts and compensation

In 2019, Cambodia’s Ministry of Labour and Vocational Training (MLVT) has been active in amending the Labour Law and revising long-standing practices. These amendments and revisions have brought much-welcome clarity to employers on requirements of the MLVT and interpretations of the Labour Law, and have further provided meaningful benefits to employees. Foreign Workers and Employment […]

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Thailand not happy with hot money: central bank chief

[CHIANG MAI] Thailand’s central bank is not happy with hot money flowing into the country and has sometimes taken action on excessive moves in the baht, the governor said on Monday. Any intervention is not for a competitive advantage in trade, Bank of Thailand Governor Veerathai Santiprabhob told a seminar in the northern city of […]

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New bubble tea franchise enters Brunei market

TEALIVE, a Halal certified Malaysian lifestyle tea brand, has made its debut in Brunei’s bubble tea market and opened its first outlet at Aman Hills Shopping Centre. Bubble tea has become an icon in the Asian community and with no doubt in the Brunei market, Tealive looks forward to provide Bruneians the best bubble tea […]

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