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Malaysia’s inflation rises 4.4% in July

KUALA LUMPUR: Malaysian’s inflation jumped 4.4% to 127.9 in July 2022, its highest in more than a year, as the cost of food continued to accelerate. The increase in the consumer price index (CPI), the highest since April 2021, was in line with the median forecast of a Reuters poll of analysts. Announcing the July […]

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Philippines: Banks told to integrate sustainability principles

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ordered banks to integrate sustainability principles in their investment activities to ensure continued safety and soundness. BSP Governor Felipe Medalla said the regulator recognizes the potential of banks’ investment activities to contribute to the pursuit of sustainable and resilient growth in the Philippines. In line […]

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Covid-19 hit Cambodian migrants hard, remittances fell by 16.6%

Remittances from Cambodian migrant workers showed a whopping decline of 16.6 percent to $1,272 million in 2020 following the outbreak of Covid-19, a stark contrast to the 6.7 percent annual growth during 2014-2019, revealed the first ‘Asean Migration Outlook’ report. According to the report, released recently by the Asean secretariat, an estimated 260,000 Cambodian migrant […]

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Thai smartphone sales decline 17% in Q2

Despite a double-digit decline in smartphone shipments to Thailand in the second quarter, premium handsets costing over US$400 (14,396 baht) surged 22% year-on-year, according to market research firm Counterpoint. In the second quarter, smartphone shipments to Thailand declined 17% year-on-year to 4.2 million units, Counterpoint said. “Thailand has a decent share of consumers who maintained a […]

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Vietnam: E-commerce boom: key for logistics development

With the explosion of online businesses, Vietnam’s logistics and warehousing industry has many opportunities for development. The Covid 19 pandemic has spurred the growth of the online ecosystem, led by the e-commerce industry. According to statistics, since the Covid outbreak, the demand for shopping through e-commerce platforms has increased sharply. More than 70% of Vietnam’s […]

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