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Malaysia will continue to negotiate with Singapore on reopening of border, says foreign minister

KUALA LUMPUR, Sept 23 — The government will continue to negotiate with Singapore on the gradual reopening of the border which will depend on current health conditions, said Foreign Minister Datuk Saifuddin Abdullah. He said this included talks on the proposed daily cross-border movement known as the Daily Commuting Arrangement (DCA). Presently he said, Malaysia […]

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Cambodia’s economy forecasted to grow by 5.5 percent in 2022 despite gloom this year

Cambodia’s economy is forecast to experience a rebound of 5.5 percent in 2022 despite a modest reduced 1.9 percent growth is forecasted this year amid the prolonged coronavirus pandemic, according to the Asian Development Bank (ADB). “The protracted pandemic has hurt services and domestic demand,” said ADB Country Director for Cambodia Ms. Sunniya Durrani-Jamal. “Lockdowns […]

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Vietnam: Delivery companies to test staff with rapid antigen tests starting Friday

Delivery service companies will have to test their staff with rapid antigen tests provided by the health sector, and update the testing results into HCM City’s shared database beginning Friday (Sept 24). The city’s Department of Health will provide tests to each company based on the number of shippers registered with the city Department of Industry and Trade. Pooled samples from […]

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Philippines: Bad loans to peak in 2022, says BSP

MANILA, Philippines — The non-performing loan (NPL) ratio of Philippine banks may peak at 8.2 percent next year, the Bangko Sentral ng Pilipinas (BSP) said. In his weekly online press conference, BSP Governor Benjamin Diokno said the NPL ratio of the banking sector may double next year, but may remain at single-digit levels compared to […]

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Brunei: Economic growth projected at 3.5pc next year

The Asian Development Bank (ADB) projected Brunei’s economic growth at 3.5 per cent next year compared to three per cent predicted earlier. The Asian Development Outlook (ADO) 2021 published yesterday also stated that Brunei’s economic growth is trimmed to 1.8 per cent in the latest ADB update of its flagship economic publication, down from their earlier forecast […]

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