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Thailand: Dim outlook for Lunar New Year

Low incomes and high household debt are looming over the upcoming Lunar New Year holiday, while an additional 1 million room nights in the stimulus campaign were fully redeemed, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the estimated number of domestic trips during Feb 12-14 is expected to reach […]

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Philippines: T-bill rates decline further

MANILA, Philippines — Rates for short-term government securities continued their downward trend yesterday as market demand remained healthy amid strong liquidity in the financial system, according to the Bureau of the Treasury (BTr). During yesterday’s auction, the 91-day Treasury bills (T-bills) fetched an average rate of 0.846 percent, 7.1 basis points lower compared to the […]

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Malaysia remains attractive investment destination in Asia

KUALA LUMPUR: Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, the Malaysian Investment Development Authority (Mida) said. The country remains an attractive investment destination with a favourable environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well […]

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Thailand: Festival shopping diminished

Thais spending during the Lunar New Year festival, which starts on Wednesday, is expected to remain dejected because of high job losses and low income as a result of unabated Covid-19 infections in the country. The University of the Thai Chamber of Commerce predicted in its annual survey of consumer spending behaviour during the Chinese […]

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