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More Filipinos opting to save amid pandemic

MANILA, Philippines — The country’s banking industry recorded a double-digit growth in deposits in the first semester as more Filipino households substantially raised their savings amid the coronavirus pandemic, according to the Bangko Sentral ng Pilipinas (BSP). According to the BSP, bank deposits expanded by 12.4 percent to P11.2 trillion from January to June compared […]

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Malaysia: Property market likely to stay flat

PUTRAJAYA: The Malaysian property sector, which saw a slight increase in the level of residential overhang in the first half of the year, is expected to remain soft for the remainder of 2020 in light of the economic uncertainties created by the global Covid-19 pandemic. The National Property Information Centre (Napic), in its report on […]

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Innovating cross-border logistics across Cambodia and Asean

With the Association of Southeast Asian Nations emerging as China’s largest trading partner, Best Inc, a Chinese integrated supply chain and logistics solutions provider, will build more service networks in the bloc’s member economies. Earlier this year, the Hangzhou-headquartered company started to operate cross-border services between China and five Southeast Asian markets. Based in Zhejiang […]

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Thailand: Two long weekends ‘to boost economy’

Two long-weekend holidays approved by the cabinet yesterday are meant to stimulate tourism, says Prime Minister Prayut Chan-o-cha. The two holidays were proposed by the Ministry of Tourism and Sports. The first is Nov 19-22, with Thursday the 19th and Friday the 20th to be declared special public holidays. Those holidays will coincide with a […]

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