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Foreign investors expand consumer finance business in Vietnam

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services. HÀ NỘI — Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services. United Overseas Bank Limited (UOB) […]

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Indonesia has huge potential in producing electrical experts: Ministry

Jakarta (ANTARA) – Indonesia has huge opportunities in producing experts in the fields of electricity, industrial automation, and renewable energy through vocational education, the Education, Culture, Research, and Technology Ministry said. “The 4.0 revolution in the global industry will create high demand for electrical, industrial automation, and renewable energy experts,” the ministry’s secretary, Saryadi, remarked […]

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Philippines: BSP may lower bank reserve ratio

If inflation eases MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to reduce the level of deposits banks are required to keep with the central bank if inflation further eases in the next two months, Dutch financial giant ING Bank said. ING senior economist Nicholas Mapa said the central bank’s Monetary Board […]

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Malaysia: External trade the main driver of GDP growth

KUALA LUMPUR: Malaysia’s economic performance is anticipated to normalise in the first quarter of 2023 (1Q23), with external trade being the main growth driver for gross domestic product (GDP). Malaysia University of Science and Technology economics professor Geoffrey Williams and HELP University economist Paolo Casadio, in a joint response to StarBiz, said they expect GDP […]

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Thailand: BoT poised to raise rate by quarter-point

The Bank of Thailand is expected to raise its policy rate by 0.25 percentage points on Wednesday to contain inflation amid the economic recovery while trying to ease baht volatility, say economists. Local research houses predict the central bank’s Monetary Policy Committee will increase its policy benchmark rate by a quarter-point at its meeting on […]

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