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Laos: Railway service a boon to economic recovery

VIENTIANE: The arrival of Chinese visitors is “a boon” for businesses that depend on tourism, says Noy Savanh, a food vendor at a night market in this capital city. “Chinese tourists are valued guests in terms of their large number and strong spending power,” Noy said. “I believe that the cross-border passenger service on the […]

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Vietnam’s banking system shows signs of money surplus

Vietnam’s banking system is showing signs of returning to a period of money surplus. HANOI — Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam’s (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply. Though the SBV […]

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Boost for Malaysia-UK trade

PETALING JAYA: Trade between Malaysia and the UK, which currently stands at £5.9bil (RM32.3bil), is set to get a boost this year with the latter’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). British Malaysia Chamber of Commerce (BMCC) chief executive officer Jennifer Lopez told StarBiz that with the UK’s accession to […]

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Vietnam: Overnight interbank interest rate surges in week

The average overnight interbank interest rate surged on April 6 by 0.20-1.22 percentage points for all terms under one month to reach 4.47 per cent per year after declining significantly at the end of March, according to the latest data by the State Bank of Việt Nam (SBV). HCM CITY — The average overnight interbank interest rate surged […]

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Philippines: NAIA passengers in Q1 increase by 158% – MIAA

MANILA, Philippines — More than 10.8 million passengers traveled through the Ninoy Aquino International Airport from January to March, marking a 158% increase in number of travelers in the first quarter of the year compared to the same period in 2022. The Manila International Airport Authority, which manages NAIA, said Sunday it recorded 10,855,332 passengers […]

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