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Philippines may relax rules for foreign retailers

More foreign retailers will be given the chance to set up shop in the Philippines under planned changes to the Foreign Investment Negative List (FINL), a Cabinet official said. Retail trade is one of the industries included in a preliminary list drawn up by the National Economic and Development Authority (NEDA, Socioeconomic Planning Secretary Ernesto […]

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Thai shippers raise 2017 export growth forecast

Exports are expected to grow at least 6% this year, better than the 5% predicted earlier, the Thai National Shippers’ Council said on Tuesday, thanks to improved global demand. Exports, a key driver of¬ growth, rose 8.9% between January and August from a year earlier. However, the strength of the baht remains a risk, the […]

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Indonesia: BI Suspends 4 e-Money Products

TEMPO.CO,¬ Jakarta¬ – Bank Indonesia (BI) has suspended the services offered by four e-money platforms. BI official says that the products are not licensed. The products are¬ BukaDompet¬ by Bukalapak,¬ TokoCash¬ by Tokopedia,¬ ShopeePay¬ by Shopee, and¬ Paytren¬ by Yusuf Mansyur. BI director of electronification program at the payment system policy and supervision department Pungky Purnomo Wibowo said the action was taken because the four […]

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Singapore home price index rises

SINGAPOREk: Singapore’s private home prices rose for the first time in four years in the third quarter, marking a possible turning point for the sector, with analysts expecting clearer signs of a property market recovery in 2018. The private residential property index rose 0.5% to 137.3 in the third quarter, after easing 0.1% in the […]

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Thailand: Full-year inflation view cut despite prices edging up

Although consumer prices were up for a third straight month in September, the Commerce Ministry has lowered its 2017 inflation forecast while counting on the stronger baht and the government’s welfare schemes to help cap rising prices. Pimchanok Vonkorpon, director-general of the Commerce Ministry’s Trade Policy and Strategy Office, said annual headline inflation was 0.86% […]

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