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DoSM: Malaysia’s business confidence dropped -21.3 pc in Q3; all industries pessimistic with retail gloomiest

KUALA LUMPUR, Aug 26 ― Businesses from all sectors in Malaysia are more pessimistic about their business conditions in the third quarter of 2021 or the months of July to September, the Department of Statistics Malaysia (DoSM) said today. In its latest Business Tendency Survey, DoSM noted that businesses’ confidence indicator had fallen to -21.3 […]

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Laos sees highest inflation rise in 11 months

Vientiane (VNA) – The year-on-year inflation rate of Laos rose to 4.7 percent in July, highest level recorded since August last year, reported the Lao Statistics Bureau. Fluctuating currency exchange rates are considered to be one of the main drivers of inflation in Laos. Strong demand for foreign currencies, notably the Thai baht and US dollar, means that businesses often rely […]

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Philippines: Banks want stiffer sanctions vs cybercriminals

MANILA, Philippines — Banks are pushing for stiffer sanctions against cybercriminals amid the sharp increase in online fraud as more Filipinos embrace digitalization due to mobility restrictions brought about by the pandemic. Jose Arnulfo “Wick” Veloso, president of the Bankers Association of the Philippines (BAP), said the banking sector is urging Congress to pass House […]

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Thailand: NESDC sounds the alarm on jobs losses

The government is being urged to step up the introduction of more effective and intensive assistance measures to help maintain employment and create jobs for new graduates, as the fresh Covid-19 outbreak has had a drastic impact on workers. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said prolonged infections, the […]

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