A customer counts her ringgit notes outside a money changer at the central business district in Singapore in this August 25, 2015 file photo.  Malaysia's ringgit jumped more than 5 percent to a five-week high on October 7, 2015 on stop-loss dollar selling and higher local stocks.  The ringgit, the worst performing Asian currency so far this year, surged as much as 5.2 percent to 4.1600 per dollar, its strongest since Sept 1.     REUTERS/Edgar Su/Files
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Malaysia: Ringgit slips as investors return to safe havens

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, as investors returned to safe-haven currencies due to cautious sentiment on the global market, a dealer said. At 9.05am, the local currency declined to 4.1400/1450 against the greenback from Thursday’s close of 4.1380/1410. The dealer said investors reacted from the mixed US economic […]

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Thailand: Concern mounts over gap in GDP inputs

An economist is concerned that a gap in terms of contributions to the country’s gross domestic product (GDP) between tourism-dependent provinces and agriculture-reliant provinces will become wider in the post-pandemic era. The Fiscal Policy Office’s senior expert on macroeconomic policy, Pongnakorn Pochakorn, said even before the pandemic, there was a huge gap in terms of […]

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Cambodia: E-firms told to get permits

E-business operators can either apply for the proper permits and licences to operate in Cambodia legally or face law enforcement, the Ministry of Commerce warned in a notice, as the government strives to create a conducive and dynamic digital business environment that is market-driven, law-based and internationalised. The ministry told the Kingdom’s e-traders to apply […]

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Despite online shopping boom, pandemic reverses Filipinas’ success in e-commerce space

MANILA, Philippines —  Filipina entrepreneurs in the local e-commerce space suffered more from the pandemic fallout than their male counterparts, reinforcing observations that the health crisis is disproportionately hurting women. A research by the International Finance Corporation (IFC), a member of the World Bank Group, released Thursday found that women-owned businesses in the country outsold […]

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Thailand: Vaccine rollout to spur travel confidence

Italthai expects domestic tourism to pick up in the second half of this year while international demand for Phuket may not fully revive this year. Yuthachai Charanachitta, group chief executive at Italthai Group, said if the vaccine rollout runs as planned next month, domestic demand will start to bounce back from July as tourism confidence […]

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Cambodia: Kingdom-Vietnam border to open

Cambodia and Vietnam is set to open a border gate as an international checkpoint – linking the southeastern province of Prey Veng to Tay Ninh on the Vietnamese side – on May 31 to further boost trade between the countries in preparation for the eventual containment of the Covid-19 pandemic. This was revealed in a […]

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