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Myanmar: Shaking up the logistics industry by building a community of truck drivers

AIRBNB threatens the hospitality industry without owning a single hotel; Uber disrupts the taxi industry without owning a car. In Myanmar, Kargo, a logistics start-up, aims to shake up the highly-fragmented logistics industry without owning a single truck. In an interview, George Oliver, the start-up’s chief business officer and Jamie Robinson, the chief financial officer, told The Myanmar Times how they seek […]

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Indonesia: Rupiah at Rp13,306 Monday Morning

TEMPO.CO, Jakarta – The rupiah was trading stronger by 42 bps to Rp13,306 per US dollar in Jakarta inter-bank market this morning. Binaartha Sekuritas analyst Reza Priyambada today said that appreciation in global crude prices has allowed the rupiah to move to a positive area. “Appreciation in global crude prices has boost commodity prices, such condition has […]

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WB downgrades 2017 Philippines growth forecast to 6.8%

MANILA, Philippines – The World Bank downgraded its economic growth forecast for the Philippines this year to 6.8 percent, but retained its growth projection of 6.9 percent for 2018. The revised 2017 projection considers recent economic trends and compares with the 6.9 percent growth forecast in April, the multilateral lending institution said. “Reflecting slower public […]

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Philippines: June inflation seen at 2.4-3.2% in June

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said it expects inflation to hover at a range of 2.4 percent to 3.2 percent in June following lower fuel and energy prices. “The BSP forecast suggests that June inflation could settle within the 2.4 to 3.2 percent range,” BSP Governor Amando Tetangco Jr. said in […]

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Philippines: FCDU loans up 14.7% as of end-March

MANILA, Philippines – Foreign currency loans extended by local banks continued to grow as of end-March as disbursements exceeded principal repayments, the Bangko Sentral ng Pilipinas (BSP) said over the weekend. BSP Governor Amando Tetangco Jr. said outstanding loans granted by foreign currency deposit units (FCDUs) of banks reached $14.35 billion as of end-March, 14.7 […]

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