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More Thais making online gold purchases

The value of gold savings owned by Thais on online platforms rose 60-70% in the first quarter of 2023 from a year earlier as global prices rose by more than 8% during the period, while domestic gold prices hit a record, according to YLG Bullion International Co. Thailand’s leading manufacturer and exporter of authentic gold jewellery […]

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Malaysia: Slower trade growth likely in second quarter

PETALING JAYA: Malaysia’s total trade is expected to register slower growth in the second quarter of 2023, as global economic uncertainties continue to persist. Centre for Market Education chief executive officer Carmelo Ferlito said the country needs to diversify its ability to export both in terms of products and markets. “If Malaysia’s exports keep shifting […]

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Indonesia: Business, industry have vital role in reducing joblessness: minister

Jakarta (ANTARA) – Indonesia’s business and industry sectors have a strategic role in reducing the unemployment rate, according to Coordinating Minister for Human Development and Cultural Affairs, Muhadjir Effendy. Data from Statistics Indonesia (BPS) shows that Indonesia recorded a 5.86 percent open unemployment rate in 2022, reflecting a slight decline of 0.63 percent compared to […]

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Thailand: BoT zeroes in on cash transaction fees

As digital payments increase, the Bank of Thailand is focusing on cash users by adjusting banks’ fee structures. The adjustment is part of central bank efforts to promote digital payments and move towards a less cash-reliant society. The regulator is paying greater attention to some consumer segments that do not use digital payments. According to Bank […]

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