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Thailand: Tour operators urged to tout tax perk

Tourism operators have been advised to speed up marketing plans to encourage people to travel domestically and gain from a short-lived tax perk recently approved by the cabinet.  “As the tax measure will last for only two months through June, it is necessary for tour operators to quickly publicise the incentive deals to customers,” said Phuriwat […]

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Malaysian business and households borrowing less

PETALING JAYA: New loan applications by Malaysian businesses and households have been continuously falling over the past few months, indicating a weakening sentiment in the domestic economy. With loan growth being a key determinant of the banking sector’s performance, the softening loan growth trend has led analysts to remain generally neutral on the outlook of […]

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Thailand: April consumer confidence hits 16-month low

Consumer confidence fell to the lowest level in 16 months in April as the public fretted over political instability and the slowing domestic economy.  According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), the consumer confidence index fell to 79.2 points last month, the lowest level since January 2018, and […]

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Malaysia: Bank Negara seen to lower key rate

KUALA LUMPUR: RHB Investment Bank Bhd expects that Bank Negara would call for a 25-basis-point cut in the overnight policy rate (OPR) by year-end to ensure the sustainability of economic growth. Its head of regional equity research Alexander Chia, however, said the reduction would not further drag down the ringgit, which currently trades at around […]

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Philippines: Customs tightens control on hazardous materials

MANILA, Philippines —  The Bureau of Customs has banned the importation of neutralized phosphogypsum in line with the government’s tightened monitoring and enforcement of rules to protect the country from the entry of hazardous materials to both human and the environment. Customs Commissioner Rey Leonardo Guerrero issued a memorandum stating that the importation of neutralized phosphogypsum is not included in the […]

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