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Myanmar: Investments unaffected by COVID-19 so far

The outbreak of the Covid-19 virus could slow the pace of foreign direct investments (FDI) into Myanmar in the coming months, according to the Directorate of Investment and Company Administration (DICA). U Myo Min, a director at DICA, said although Myanmar has been unaffected so far, the impact of the outbreak on the world economy […]

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Brunei: COVID-19 affects local hotel industry

The coronavirus (COVID-19) outbreak has affected the local hotel industry, resulting in a loss of revenue amounting to BND530,480.58 and about 4,174 room cancellations from December 14, 2019 to March 31, 2020. These statistics were shared by President of the Brunei Association of Hotels (BAH) Mohd Iswandi bin Maaruf, who added that the cancellations – […]

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Philippines e-commerce market teeming with prospects

MANILA, Philippines — Growth prospects remain for the Philippine e-commerce market despite its slower take-off compared to its Southeast Asian neighbors, a regional e-commerce aggregator said. “I haven’t cracked it yet, but in my idea, it’s the most overlooked market of Southeast Asia,” iPriceGroup CEO and co-founder David Chmelar said. He said a lot of […]

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Malaysia: Public Bank, RHB Bank and HLB revise rates

KUALA LUMPUR: Following MALAYAN BANKING BHD’s (Maybank) footsteps, three other major banks have also revised their base rate and base lending rate downwards by 25 basis points, in line with the reduction in the overnight policy rate by Bank Negara. They are Public Bank, RHB Bank and Hong Leong Bank. Maybank was the first bank in […]

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