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Philippines: Inflation likely climbed this month

MANILA, Philippines — Economists expect inflation to rise in August as the reopening of the economy after the lifting of the stricter modified enhanced community quarantine for Metro Manila and nearby provinces quickened the increase in prices. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said inflation likely accelerated to a 14-month […]

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Centara Hotels & Resorts, Thailand’s leading hotel operator will open three new hotels in Myanmar

Centara Hotels & Resorts, Thailand’s leading hotel operator, has signed management agreements with three new hotels in Myanmar, TTRweekly reported. The agreements cover three hotels developed by SL International Construction Co Ltd. The properties will be rebranded Centra by Centara Hotel Thiri Hpa-An, Hpa-An Hilltop Resort & Spa, and Centara Hotel Mandalay. In the last […]

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Malaysia: Spotlight on banks’ provisions

PETALING JAYA: All eyes continue to be focused on the provisions made by the banking sector as the earnings season for the second quarter of 2020 comes to a close. There are expectations that the banking and lending sector should increase its provisions as a precautionary measure as the fallout from the Covid-19 pandemic continues. […]

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Vietnam August inflation slows to 5-year low

The Hanoitimes – Core inflation rose 2.66% year-on-year in the first eight months of 2020. Vietnam’s consumer price index (CPI), the main gauge of inflation, in August increased 0.07% against the previous month, but dipped 0.12% versus the end of 2019, both at the weakest levels in the 2016 – 2020 period, according to the General […]

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