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Shopee preps 9.9 sale festival

Shopee, a major e-marketplace in Asean, is ramping up a marketing strategy to broaden its customer base beyond youngsters to boost sales through the platform amid a sluggish economy. Shopee, which is part of the global consumer internet firm Sea, chose to use Jackie Chan, the Chinese martial arts actor and superstar, as a major […]

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S&P slashes Philippines growth outlook to 4.3% for 2021

MANILA, Philippines — S&P Global Ratings has downgraded the Philippines’ 2021 gross domestic product (GDP) growth forecast to 4.3 percent from an earlier six percent outlook due to the emergence of the highly contagious COVID-19 Delta variant. The debt watcher said intermittent lockdowns have been weighing on economic activity as the emergence of new variants […]

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Thailand: Arkhom cool to added borrowing

Finance Minister Arkhom Termpittayapaisith says there is no need for the government to borrow additional money to combat the pandemic because the existing 500-billion-baht loan is sufficient. On Monday, Bank of Thailand governor Sethaput Suthiwartnarueput said at a press event the government should add at least 1 trillion baht in the economic fight against the […]

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