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Indonesia: USD/IDR Price News: Rupiah marches towards $14,950 despite softer Indonesia Inflation, Fed eyed

USD/IDR returns to the bear’s table after a four-day absence as it drops to $14,970 while refreshing intraday low during early Wednesday. In doing so, the Rupiah (IDR) ignores downbeat figures of Indonesia’s Inflation while bracing for the Federal Open Market Committee (FOMC) monetary policy meeting. That said, Indonesia Inflation eased in January to 5.28% YoY and […]

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Malaysia: Retail hiring rises by 65% y-o-y, 21% improvement on e-recruitment in Dec 2022, says foundit

KUALA LUMPUR (Feb 1): Talent platform foundit reported a 65% increase in hiring activity in Malaysia’s retail industry year-on-year (y-o-y) in December 2022 due to robust retail sales and an upward trend in consumer sentiment.  “The easing of Covid rules and regulations, fast-growing retail business, along with borders reopening to boost import/export and resume travel […]

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Philippines: Inflation remains high, may hit 8.3% in January

MANILA, Philippines — Inflation remained elevated last month, likely settling between 7.5 and 8.3 percent, as higher electricity, water, fuel and food prices continue to hound consumers, according to the Bangko Sentral ng Pilipinas (BSP). The BSP said the upward price pressures in January emanated from higher electricity rates, approved water rate rebasing, higher domestic […]

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Cambodia exports surge 16% to $22.4B

The government’s strategic measures and reforms helped Cambodia register remarkable export growth, the Ministry of Commerce said yesterday. Cambodia’s foreign international trade amounted to $52.4 billion in 2022, up 9.1 percent over a year earlier, the ministry’s report showed, adding that the Kingdom’s export rose by 16 percent to $22.4 billion. Exports grew significantly in […]

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Thailand: The lowdown on the high-end scheme

The Thailand Elite Card is in the public spotlight again after Jirayu Huangsap, an MP from the Pheu Thai Party, said in parliament last week that shady Chinese business operators had become members of this privilege programme. This claim could become another flaw for Thailand Elite Card — one of the most disputed government projects which […]

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