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Philippines: Factory gate price growth eases in April

MANILA, Philippines — The growth in producer prices of manufactured products eased in April from the previous month due mainly to the slower upticks in food products, according to the Philippine Statistics Authority (PSA). Preliminary data released by the PSA yesterday showed the Producer Price Index (PPI) for manufacturing posted a 2.3 percent increase in […]

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Maybank’s MAE app now supports Thailand, Indonesia and Singapore QR codes via cross-border DuitNow QR

KUALA LUMPUR, May 31 ― Maybank is making it easier for MAE app users to make payments while travelling to Thailand, Indonesia and Singapore. Meanwhile, existing Maybank QRPay merchants can also accept payments from tourists that use supported payment apps from the three countries. The international QR payment feature is enabled through the collaboration between Bank Negara Malaysia and PayNet. With the […]

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Investors push foreign investors to rethink Myanmar projects

YANGON/BANGKOK — Pressure from investors concerned about environmental, social and corporate governance (ESG) issues, coupled with U.S. and European Union sanctions, is encouraging international companies to pull their cash out of Myanmar. Indian conglomerate Adani Group announced the sale of a port project underway in Myanmar for just $30 million after critics said money from […]

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Thailand: VAT refunds surge after reopening

Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit. Mr Lavaron said foreign visitor numbers jumped after the reopening, reflected by a large increase in value-added tax (VAT) refund totals. In 2022, the department refunded VAT to more than 423,000 tourists with a total value […]

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