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Philippines: Demand for $-denominated assets seen to rise

MANILA, Philippines — Higher demand for dollar-denominated investments is expected as the greenback scales historic highs and the US Federal Reserve sustains its tight monetary policy. “Dollar-denominated assets should be favorable when the dollar exchange rate is strengthening, especially if it is on account of increasing interest rates, as the case is today,” Antonio Agcaoili, […]

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IMF raises concern over Cambodia’s rising pvt debt

While forecasting a five percent growth for Cambodia’s economy this year, the visiting International Monetary Fund (IMF) mission yesterday said the rising private debt remains a big concern in the Kingdom and urged the National Bank of Cambodia (NBC) to strengthen its vigil. Addressing the media at a virtual press conference following the two-week-long annual […]

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Kuala Lumpur skyline featuring (from left) KL Tower, Tun Razak Exchange (TRX) Tower and Merdeka 118 Tower.  IZZRAFIQ ALIAS/The Star.
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Malaysia a top destination for property investment

KUALA LUMPUR: Malaysia remains a destination for real estate investment for Chinese investors as the slowdown in the republic’s property market is leading to an increase in Chinese investment in overseas properties, especially in South-East Asia. Juwai IQI said in a report that many Chinese buyers believe Malaysia’s property market will recover from its current […]

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Malaysia: Better than expected trade performance

PETALING JAYA: Malaysia’s trade remained sturdy in August with double-digit growth recorded for exports and imports. In a statement, the Ministry of International Trade and Industry (Miti) said trade surged by 56.7% to RM265.74bil compared with August 2021 – the 19th consecutive month of double-digit growth. Exports jumped by 48.2% to RM141.33bil, the 13th successive […]

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Agoda: Thai tourism makes cautious revival

Thailand is one of the first countries in Asia to see tourism rebound from the pandemic, driven by positive signals from both foreign and domestic travellers, according to Agoda. “Thailand is leading Asia in terms of inbound tourists, but it has not yet reached 2019 levels,” said Omri Morgenshtern, chief executive of Agoda, an Asia-focused online […]

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