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Cambodia: Call for greater investment in digital infrastructure

Asian Development Bank (ADB) President Masat- sugu Asakawa yesterday urged Southeast Asian countries to expand investments in digital infrastructure and ensure equitable access to technology as economies recover from the Coronavirus  pandemic. “We must close the digital divide and expand existing investments in digital infrastructure by building more and higher quality mobile broadband infrastructure and […]

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Malaysia – MIER: Consumers remain cautious

KUALA LUMPUR: In its Consumer Sentiments Survey Report for the third quarter (Q3) of 2020, the Malaysian Institute of Economic Research’s (MIER) said consumers remained cautious on the Covid-19 pandemic. This is reflected in the latest CSI which, at 91.5, has changed little from the prior quarter’s 90.1 and remains below the 100-point optimism threshold, […]

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Philippines: Term deposit rates rise

MANILA, Philippines — Term deposit rates increased on strong demand from cash-rich banks as the Bangko Sentral ng Pilipinas (BSP) continued to suspend the offering of the 28-day tenor. BSP Deputy Governor Francisco Dakila Jr. said the yield of the seven-day tenor went up by 3.47 basis points to 1.8813 percent at the Term Deposit […]

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Thailand: Political unrest limits foreign outlays

Rising political tensions cloud prospects for rapid economic recovery and foreign investment in Thailand, says Moody’s Investors Service. On Oct 15, Thailand’s government declared a state of emergency that banned gatherings of five or more people amid pro-democracy protests that have become larger and more frequent since September. “Although the country has a track record […]

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