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Malaysia’s September exports rise 24.7%, exceed forecast

KUALA LUMPUR: Malaysia’s exports in September rose 24.7% from a year earlier, beating expectations, government data showed on Thursday. The median forecast of 14 economists was for September’s exports to grow 14.6%. Malaysia’s imports in September grew 26.5% on-year. The trade surplus in the month was recorded at 26.1 billion ringgit ($6.29 billion). Source: https://www.brecorder.com/news/40129639/malaysias-september-exports-rise-247-exceed-forecast

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Thailand: Tax waiver mooted for tech VC funds

The Ministry of Digital Economy and Society (DES) has urged related agencies to consider a waiver of capital gains tax for venture capital (VC) funds investing in local tech startups, as another drive for startup investment in the country. The move is also a part of the strategies to build a digital business ecosystem as […]

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Thailand: State banks line up loans for businesses in EEC

State-run financial institutions stand ready to provide liquidity to around 175,000 business operators in the Eastern Economic Corridor (EEC) to help them deal with the impact of the ongoing Covid-19 pandemic. The move is in line with the policy of Finance Minister Arkhom Termpittayapaisith that the state-run banks join forces to support the EEC, which […]

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Malaysia: Ringgit opens lower as investors wait on tabling of Budget 2022

KUALA LUMPUR, Oct 28 ― The ringgit continued to depreciate against the US dollar at the opening on Thursday, with investors waiting on the sidelines ahead of the Budget 2022 tabling tomorrow, said a dealer. At 9.05am, the local currency eased to 4.1540/1570 versus the greenback from 4.1530/1560 at yesterday’s close.   The dealer said ringgit had been experiencing technical correction due to its […]

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