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Malaysia’s CPI up 3.9%

PETALING JAYA: Malaysia’s consumer price index (CPI) measuring headline inflation rose a lower than expected 3.9% in May compared to a year ago as fuel prices fell. Economists had expected a 4.1% rise in the CPI, which includes volatile food and fuel prices. Core inflation, which excludes food and fuel, rose 2.6%. The CPI rose […]

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Thailand: Loan shark debt down B20 billion

Debts owed to loan sharks by registrants in the government’s subsidy and welfare scheme for poverty have declined by 20 billion baht this year, thanks to the government’s efforts to tackle the problem, says the head of the Fiscal Policy Office (FPO). Krisada Chinavicharana, director-general of the FPO, said the 14.1 million people who registered […]

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Vietnam: SMEs support law to improve growth quality

On June 12, the National Assembly passed the Law on Support for Small- and Medium-sized Enterprises (SMEs). The much-awaited law, which will take effect from January 1, 2018, can outperform earlier support initiatives, Deputy Planning and Investment Minister Dang Huy Dong tells Đau Tu (Vietnam Investment Review). The Law on Support for Small- and Medium-sized Enterprises […]

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Philippines: Peso sheds another 19¢

MANILA, Philippines –  The peso continued to lose steam, shedding another 19 centavos yesterday to hit its lowest level in almost three months as investors shifted their funds to safe havens due to the decision of the US Fed to return its interest rate policy to normal.  The local currency closed at 50.29 to $1 […]

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