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Malaysia: Economists predict further rate cut ahead

PETALING JAYA: Malaysia’s benchmark interest rate is currently the lowest on record, but economists think there is a fair chance that it could drop even further. Bank Negara could be prompted to cut the overnight policy rate (OPR) due to concerns that a deep negative output gap may persist in the Malaysian economy, according to […]

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Philippines – AMLC: Pandemic causes rise in financial crimes

MANILA, Philippines — The Anti-Money Laundering Council (AMLC) yesterday warned banks and other financial institutions that money launderers and perpetrators of financial crimes are taking advantage of the shift in consumer behavior brought about by the COVID-19 pandemic. In a report titled “COVID-19 Financial Crime Trend Analysis,” the AMLC said criminals are abusing digitalization, such […]

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Thailand: Spending headed to 20-year low

Media spending plummeted 20.9% in the first seven months this year because of the pandemic and is expected to fall to a two-decade low of almost 72 billion baht this year, according to Media Intelligence (MI), a media planning and creative agency. The spending plunged to 40.7 billion baht between January and July, compared with […]

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Vietnam-India: New partnership in supply chain

The Hanoitimes – Covid-19 has navigated the restructure in the global supply chains and initiated new opportunities for the partnership, and Vietnam and India are no exception. The global health crisis has disrupted established supply chains for manufacturers based in both India and Vietnam, opening up opportunities for the two countries’ businesses to explore alternative options. […]

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Philippines: HSBC sees reduced demand for loans

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to keep benchmark interest rates steady in the near term amid reduced demand for loans despite all-time low rates due to the COVID-19 pandemic, according to British banking giant HSBC. Noelan Arbis, economist at HSBC, said the  Monetary Board is likely to keep its […]

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