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Philippines: T-bills oversubscribed, rates rise

MANILA, Philippines — The government awarded in full the short-dated securities offered yesterday even as rates rose slightly across the board in reaction to movements in US Treasury yields. The Bureau of the Treasury raised P20 billion yesterday from total tenders of P50 billion, making the offer more than twice oversubscribed. Average rate for the […]

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Thailand: Domestic car sales slump

Domestic car sales in Thailand declined 21.3% in January to 55,208 units from last year as the second-wave outbreak continues to drag down consumer confidence and purchasing power. Passenger car sales decreased by 44.2% to 16,104 units year-on-year, while sales of commercial cars decreased 5.4% to 39,104 units. Pure pickups with 1 tonne size loads […]

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Cambodia: Exports to China gain modest 8% in 2020

Cambodia’s total export value to China extended its winning streak last year, weathering supply chain disruptions due to the Covid-19 outbreak. The Kingdom’s exports to the world’s second-largest economy – in nominal terms – surged more than eight per cent in value to $1.086 billion last year compared to the $1.004 billion posted in 2019, […]

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