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Malaysia: Foreign interest in local bonds strong

PETALING JAYA: Despite the third wave of Covid-19 sweeping the country and new clusters emerging, foreigners remain bullish on Malaysian bonds. For the fifth month in a row, foreign inflows into the ringgit debt securities or bonds in September recorded net foreign inflows, albeit lower than in August. Amid the virus spreading into other states, […]

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Cambodia: Local bourse suffers from liquidity woes

Cambodia’s financial industry has outlined more listings, an improved trading eco-system and overall community awareness as key focus areas to increase the low levels of liquidity in the local securities exchange. Established in 2011, the Cambodia Securities Exchange (CSX) for many years held the title as the smallest exchange in the world but has been […]

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Philippines; 70% of small businesses hurt by pandemic

MANILA, Philippines — Nearly 70 percent of micro, small and medium enterprises (MSMEs) reported lower sales due to the pandemic, according to a survey conducted by the Department of Trade and Industry (DTI). During the online dialogue of the DTI with the Union of Local Authorities of the Philippines, Trade Undersecretary Ireneo Vizmonte said the […]

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Thailand: Bangkok Bank warns of glut in low-rise housing

Bangkok Bank has warned of a possible oversupply in the low-rise housing market in Greater Bangkok as many developers flee the sluggish condo sector for the segment. Phairach Sakwit, senior vice-president for property development at Bangkok Bank, said there were about 300,000 unsold residential units in Greater Bangkok as of the first half of 2020. […]

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No delay in loan repayments to creditors by Cambodia

Cambodia has not requested any creditors for the delay in loan repayments during this hard time of COVID-19 pandemic, said Phay Siphan, Minister Attached to the Prime Minister and Chairman of the Royal Government Spokesperson Unit. “As noted by the Prime Minister, Cambodia is in a better situation compared to some other countries in terms […]

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AI to bring in $366b to Indonesia’s GDP by 2030

Artificial intelligence could add US$366 billion to Indonesia’s gross domestic product in the next decade and almost $1 trillion in added GDP across Southeast Asia, a recent study has shown. The study by consulting firm Kearney and Singapore-based investment firm EDBI says that 80 percent of respondents are still in the early stages of AI […]

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