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Cumbersome’ business procedures drag Philippines’ ranking in ease of doing business

MANILA, Philippines — The Philippines’ “cumbersome” business regulatory structures dragged the country below the first 100 economies tracked by World Bank Group’s annual ease of doing business report. This is despite the government’s expectations of modest improvements in this year’s report, which reviews regulations that enhance business activity and those that constrain it among economies […]

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Indonesia – BPS: October’s Inflation Booked at 0.01 Percent

TEMPO.CO, Jakarta – Central Statistics Agency (BPS) head Suhariyanto said that October`s inflation rate stands at 0.01 percent, which is far lower than September`s 0.13 percent. The figure brings the inflation rate 2.67 percent so far this year. “It proves that President Jokowi and Jusuf Kalla’s administration is committed to maintaining the economic stability,” Suhariyanto told journalists at the BPS […]

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Grab starts mobile wallet service in Singapore

SINGAPORE: Grab, Southeast Asia’s largest ride-hailing app, is kicking off a new digital wallet service in Singapore as it stakes a claim to the region’s burgeoning mobile payments sector. Starting Wednesday, Grab will enable its 4 million users in the city-state to scan a quick response, or QR, code to pay for local dishes such […]

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Vietnam’s retail forecast to grow steadily

HANOI — Vietnam’s retail sector is forecast to be stable in the coming years, attracting investment from many foreign enterprises thank to its large population, brighter economic outlook and greater purchasing power. This was announced by experts participating in a survey of Vietnam Report Company (VNR), released in Hanoi on Tuesday. Another study by HSBC, titled “ASEAN Connected 2016”, […]

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Philippines: Consumer spending to boost mass market retailers

Strong consumer spending will benefit the mass grocery retail market but value-added services such as online shopping are not expected to gain much ground given logistics and infrastructure hurdles, a research firm said. “Growing consumer spending on food and non-alcoholic drinks, an urbanizing population and the majority of households falling in the low-income bracket will […]

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