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Indonesia: BI kept rates on hold – UOB

Enrico Tanuwidjaja, Economist at UOB Group, Haris Handy and Yari Mayaseti review the recent interest rate decision by the Bank Indonesia (BI). “Bank Indonesia (BI) left its benchmark rate unchanged at record low of 3.50% at its September 2021 monetary policy meeting (MPC) as the economy continued to recover from the country’s worst COVID-19 wave. […]

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Vietnam: Healthy competition crucial for e-commerce logistics

Better regulations are expected to come into play to facilitate the growth of Vietnam’s e-commerce logistics sector. The rapid growth of e-commerce is driving unprecedented demand for e-commerce logistics services in Vietnam. However, the growth of the sector is constrained by regulatory obstacles that impede competition in this industry, reducing efficiency and driving up costs […]

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ADB keeps Philippine growth outlook at 4.5% for 2021

MANILA, Philippines — The Asian Development Bank (ADB) has retained its 2021 economic growth outlook for the Philippines at 4.5 percent, but warned of continued downside risks from more transmissible COVID variants that may lead to fresh spikes in cases and lockdown measures. In its Asian Development Outlook 2021 Update released yesterday, the Manila-based multilateral […]

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Thailand: Car sales slump to 15-month low in August

Domestic car sales tumbled 38.8% in August from a year earlier as stricter coronavirus containment measures hit economic activity, the Federation of Thai Industries (FTI) said on Thursday. However, the curbs, imposed in July and August, have been eased this month, which the FTI said should boost car sales later this year. In August, sales […]

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