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Philippines: Expensive meat, higher power bills seen keeping inflation beyond target in April

MANILA, Philippines — Consumer price growth likely stayed beyond government expectations in April driven by more expensive meat products, particularly pork, and higher power costs. Inflation likely settled between 4.2%-5.0% this month, economists at the Bangko Sentral ng Pilipinas said on Friday. If the upper-end of the forecast range is realized, that would exceed the […]

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Thailand: Baht registers gains as dollar weakens

The baht opened at 31.18 to the US dollar on Friday, strengthening from its close of 31.21 on Thursday. The Thai currency is likely to move between 31.30 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said. He explained that the baht had strengthened due to the weakening of the dollar. Meanwhile, […]

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Thailand: Domestic retail e-commerce set to surge

E-commerce penetration in the retail sector could triple in the next few years as the pandemic pushes brands to go online and cross-border sales increase, says JD Central, an e-commerce joint venture between Central Group and Chinese internet giant JD.com. “Thailand’s online retail market accounted for 8% of total retail sales in 2020, which means […]

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Malaysia Airlines among the first to trial IATA Travel Pass

KUALA LUMPUR, April 29 — Malaysia Airlines is among the first global airlines trialing the International Air Transport Association (IATA) Travel Pass — a mobile phone application (app) for health verification digitally. In preparation for its own Digital Travel Health Pass on the Malaysia Airlines mobile app, the trial run will involve passengers on flights […]

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Singapore, Thailand link real-time payment rails for faster, cheaper cross-border transfers

THE Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) on Thursday announced the linkage of both countries’ real-time retail payment rails to facilitate faster and cheaper cross-border transfers. The linkage of Singapore’s PayNow and Thailand’s PromptPay is the first instant cross-border payments infrastructure to be established globally, tackling key pain points such […]

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