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Covid-19 driving investment sales online for Singapore banks

SINGAPORE – Bank customers are increasingly going online to invest in the wake of social distancing measures that are keeping them out of branches. DBS Bank, OCBC Bank and United Overseas Bank (UOB) noted that more people are opening accounts that they can use for digital investing and using robo-advisory services in greater numbers. The monthly […]

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Cambodia: Ports report big decline in profit

Cambodia’s two main listed autonomous ports reported a slight increase in revenue in the first quarter this year even though the Covid-19 pandemic hit global transportation hard, according to financial reports filed to the stock exchange. However, the ports saw their profits dramatically decline during the period. Cambodia Securities Exchange (CSX)-listed Sihanoukville Autonomous Port (PAS) […]

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Indonesia: Govt rolls out $43b stimulus in bid to rescue economy

The government is rolling out a Rp 641.17 trillion (US$43 billion) economic recovery stimulus, bigger than previous allocations, to soften the impact of COVID-19 on micro, small and medium enterprises (MSMEs), as well as state-owned enterprises (SOEs). Finance Minister Sri Mulyani Indrawati said the “national economic recovery” program would include a strengthened social safety net, […]

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Cambodia: Technical issue over mango exports to China concluded

Cambodia’s mangoes will soon be exported to China after expert teams between the two countries concluded technical problems concerning phytosanitary arrangements relating to the control of plant diseases. Despite difficulties during the critical situation sparked by the COVID-19 pandemic, discussions on the matter were still possible by teleconference, said Srey Vuthy, a spokesperson at the […]

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