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Singa bonds’ interest rate set at 1.875%; investors applied for 1.58 times the $2.6b sold

SINGAPORE – Singapore’s central bank sold $2.6 billion worth of 30-year bonds to fund infrastructure projects in an auction on Tuesday (Sept 28). Investors’ bids for the first sale of the Singapore Government Securities (Infrastructure) bonds totalled $4.1 billion, 1.58 times the amount sold, the Monetary Authority of Singapore (MAS) said on its website. The […]

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Thailand: Call for concrete reopening plan

Business operators in soon-to-be-reopened provinces have urged the government to impose a clear and decisive plan to attract tourists back during the upcoming high season. “After getting an approval, the marketing campaign will need at least a month to generate demand, so operators and foreign travel agents want to hear an official announcement to manage […]

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Philippines: Hike tobacco excise tax – WHO

MANILA, Philippines — The government should consider increasing excise taxes on tobacco products to at least 75 percent of the average retail price to generate additional revenue for COVID-19 measures. Jeremias Paul Jr., a former undersecretary at the Department of Finance who now leads the World Health Organization (WHO)’s fiscal policy unit, said raising tobacco […]

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Thailand: Deliveries to see bright last quarter

The online food delivery segment is expected to be robust in the final quarter, driven by the platforms’ participation in the government’s Khon La Khrueng (half-half) co-payment scheme. The third phase of the co-payment scheme has expanded to cover food delivery platforms. People can use their services linked with the scheme from Oct 4. Alejandro Osorio, […]

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