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Philippines: Rising inflation raises borrowers’ default risks

MANILA, Philippines — A rapid rise in inflation may raise borrowers’ default risks in the Philippines, according to Moody’s Investors Service. In a report, the debt watcher said an acceleration in inflation has historically resulted in increases in non-performing loans (NPLs) among members of the Association of Southeast Asian Nations (ASEAN). “Although higher interest rates […]

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Vietnam boosts FDI attraction in automotive industry

Vietnam will move to attract large enterprises and corporations with high technology, said Nguyen Anh Tuan, deputy director of the Ministry of Planning and Investment’s Foreign Investment Agency. At the same time, the country will prioritise investment projects in high technology, supporting industry, and digital economy innovation, especially in the automotive industry, to create favourable […]

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Indonesia, Singapore Agree to Link QR Code Payments

TEMPO.CO, Jakarta – Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have agreed to initiate cooperation on cross-border Quick Response or QR code-based payment linkage between Indonesia and Singapore to encourage payment connectivity in ASEAN. “Bank Indonesia believes that the initiative marks an important milestone in strengthening bilateral financial cooperation between Singapore and Indonesia,” Governor of Bank […]

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SEA countries ‘partially decoupling’ from the US

PETALING JAYA: Asean economies, including Malaysia, are experiencing a “partial decoupling’’ from the world’s largest economic powerhouse, the United States. Maybank IBG Research laid out six arguments in its latest report, highlighting that Asean economies were becoming less exposed to the US economic downturn and potential recession. Pointing out that Asean was emerging as a […]

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Thailand: Riyadh to help seal Gulf free trade deals

Saudi Arabia has agreed to help Thailand push for a free trade agreement (FTA) with members of the Gulf Cooperation Council, according to Commerce Minister Jurin Laksanawisit on Monday. Speaking after a meeting with Saudi Arabia’s Minister of Commerce Majid bin Abdullah al-Kassabi in Riyadh, Mr Jurin said Saudi Arabia has accepted all proposals floated by […]

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