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Singapore dollar seen to depreciate against yen

THE Singapore dollar might depreciate against the Japanese yen, to under 100 yen in a 12-month horizon, which could boost the relative attractiveness of Japanese stocks to Singapore investors. The prevailing spot rate is 103.5. The Singapore dollar might first breach 105 yen – a level last seen in October – in the third quarter […]

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Trade pressures on Cambodia

Cambodia’s economic policies are relatively liberal for the region, and its investment and trade regimes remain attractive. However, being a small and open economy, Cambodia is susceptible to external changes and shocks. Global trade growth slowed in the second half of 2022 and further deceleration is projected for 2023. With the global growth outlook appearing […]

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Thailand: Ministry told to explore diesel tax cut extension

Prime Minister Prayut Chan-o-cha assigned the Finance Ministry and relevant agencies on Tuesday to study the possibility of extending the excise tax cut on diesel of 5 baht per litre, which is scheduled to end on July 20 this year. According to Energy Minister Supattanapong Punmeechaow, Gen Prayut has entrusted the matter to the Finance Ministry […]

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Philippines: FDI inflow drops 19.6% in Q1

MANILA, Philippines — The inflow of foreign direct investments (FDI) dropped by 30.7 percent to $548 million in March from $792 million in the same month last year amid investor concerns over subdued global growth prospects, according to the Bangko Sentral ng Pilipinas (BSP). This brought the first quarter FDI inflow to $2.04 billion, 19.6 […]

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