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Thailand: Local PayPal transactions to end next month

Consumers in Thailand with PayPal accounts will not be able to use the service after March 7, the online payment company has announced. As well, the accounts of freelancers, small-scale entrepreneurs and casual online sellers will have “limited functionality”, the company said. This has implications for thousands of people who have taken up online selling […]

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Malaysian economy to grow 5.5-6.5%: central bank leader

Bank Negara Malaysia has reiterated that the Malaysian economy will expand from 5.5-6.5 per cent this year, underpinned by continued expansion in global demand and higher private sector expenditure, says governor Nor Shamsiah Mohd Yunus. In an email interview with Bernama, Nor Shamsiah said Malaysia was well-positioned to gain as global growth and trade bounce […]

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Thailand: Inflation outlook stable for February

The Commerce Ministry expects headline inflation in February to increase slightly after a larger than expected surge in January. Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office, said the February headline inflation rate is expected to move in line with the economy, especially in terms of retail gasoline prices, which have gained steadily […]

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Singapore firm builds Philippine’s largest data center

MANILA, Philippines — Singapore-based SpaceDC is putting up the largest hyperscale data center in the Philippines. SpaceDC CEO Darren Hawkins said the firm picked the Philippines as it ranks second in terms of data center growth in Southeast Asia. “With only 47 MW (megawatt) of available capacity in the country, it is a dramatically underserved […]

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Thailand: Test & Go ‘cumbersome’, says hotel tycoon

Thailand should look to the example of the more liberal reopening policies of Europe and travel hot spots such as the Maldives to revive its tourism industry, says Bill Heinecke, the founder and chairman of Minor International Plc. Current entry requirements for vaccinated foreign travellers are too “cumbersome”, the Bangkok-based billionaire said in an interview […]

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