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Philippines: Bank reserves cut to follow policy rates

MANILA, Philippines — Monetary authorities are expected to cut interest rates first before further lowering the level of deposits banks are required to keep with the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno told reporters on the sidelines of the Philippines Investment Forum organized by Euromoney that the additional reduction to the reserve […]

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Thailand: Cabinet lowers public debt ceiling

The cabinet on Tuesday approved a public debt management plan for fiscal 2020 that calls for the country’s average ratio of public debt to GDP to have a ceiling of 42.76%, below the 60% set by the Finance Ministry’s fiscal sustainability framework. Public debt amounted to 6.9 trillion baht at the end of July this […]

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Malaysia competition watchdog steps up probe into Singapore’s Grab

[KUALA LUMPUR] Malaysia is advancing an anti-monopoly investigation into Singapore-based Grab Holdings Inc, ramping up a broader government push to bring greater competition to its economy. Malaysia Competition Commission chief executive officer Iskandar Ismail said last Thursday the anti-monopoly watchdog was stepping up the probe into the ride-hailing startup, which was first announced last year […]

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Indonesian firm urged to invest in Cambodian railroads

Transport Minister Sun Chanthol last week asked PT Industri Kereta Api Indonesia (Inka) – a state-owned, Indonesian train manufacturing firm – to invest in Cambodian railroads. During an official visit to Indonesia from Sept 19-21, Minister Chanthol requested that Inka representatives visit the Kingdom to discuss investing in Cambodia’s railway system with local authorities and […]

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