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Philippines: No more rate hikes possible in 2018

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may take a breather after raising interest rates by a total of 150 basis points in four consecutive rate-setting meetings since May to anchor rising inflationary expectations. “If there are signs that inflation is already abating as measured by the month-on-month, we may take a pause. […]

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Malaysia: Govt reopens discussions over foreign insurers full ownership: FT

KUALA LUMPUR: The federal government is reported to have reopened discussions to do away with the requirement that foreign insurers reduce their shareholdings in their domestic operations. According to the Financial Times on Wednesday, the government had reopened talks to allow foreign insurance companies to maintain full ownership of domestic insurers. Last year, global insurers […]

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Cambodia, Thailand agree to cooperate on marine tourism

Cambodia and Thailand have agreed on marine tourism cooperation linking the tourism ports of the two countries, while Cambodia asked its Thai counterpart to open more border gates to facilitate the flow of tourists. Under the agreement, inked during the 4th meeting of Cambodia-Thailand Working Group on Tourism Cooperation yesterday in Kampot province, both countries will cooperate on marine […]

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