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Singapore central bank holds monetary policy

SINGAPORE: Singapore’s central bank left its monetary policy unchanged, saying its accommodative stance will remain appropriate for some time as the city-state’s economy emerges from its coronavirus slump. The Monetary Authority of Singapore (MAS) manages policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of […]

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Philippines: Imported vehicle sales down 46%

MANILA, Philippines — Sales of car importers dropped 46 percent in the nine months to September as all vehicle segments posted declines, the Association of Vehicle Importers and Distributors Inc. (AVID) said. Although sales surged 212 percent on a quarter-on-quarter basis, the group is hopeful the automotive industry will continue to see improvement in the […]

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Thailand: Tax rebate expected to prop up phones

The new 5G-compatible iPhone 12 line could help push up demand in the smartphone market, with the government’s tax rebate “Shop and Payback” scheme anticipated to be a key driver for the segment in the fourth quarter, according to tech pundits. Apple unveiled its iPhone 12 range at a virtual event on Tuesday. They consist […]

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Car sales in Vietnam bounce back in September

The Hanoitimes – Car sales in Vietnam in the January–September period dropped 22% year-on-year to 179,155 units across all segments. The number of cars sold in Vietnam increased by 32% month-on-month but slipped 2% year-on-year to 27,252 units in September, a significant improvement compared to a 14% decline in the sales volume in August, according to […]

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Malaysia: Surge in retail investors

KUALA LUMPUR: There was a significant increase in retail participation in the equity market, which saw retail investors buying a total of RM113.1bil worth of listed shares in the first half of 2020. Bank Negara said its surveillance indicated that the surge in retail participation has not been funded by borrowings. Loans disbursed and outstanding […]

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