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Singaporeans’ inflation expectations fall to 2.93% in September: SMU poll

SINGAPOREANS’ one-year-ahead median headline inflation expectations fell slightly to 2.93 per cent from June’s 3.23 per cent, attributed to factors like declining private road transport inflation due to lower COE premiums, and a loosening labour market. According to Singapore Management University’s (SMU) quarterly Singapore Index of Inflation Expectations (SInDEx) survey, the current one-year-ahead median headline […]

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Thai Bev buys Myanmar distilleries

Thai Beverage, the Thailand-based spirits and beer maker, has bought a 75 per cent stake in Myanmar Distillery Company Group- (MDC) and its related supply chain business for S$1 billion.  ThaiBev, which is listed in Singapore, said it raised the money through internally generated cash flows and external borrowings.  It acquired the stake from four […]

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Philippines: Inflation likely to pick up in Q4

MANILA, Philippines — Inflation may accelerate in the fourth quarter, averaging 3.5 percent due to the continued weakening of the peso and rising oil prices, according to Deutsche Bank. In a report, Deutsche Bank chief economist Michael Spencer said headline inflation would average 3.5 percent in the fourth quarter. Deutsche Bank, likewise, expects inflation to […]

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India health sector aims to bring in Cambodian patients

Indian companies in the pharmaceutical and health care sector are seeking to enhance their footprint in the Kingdom by extending beyond pharmaceutical trade through state financing that could establish a direct link to bring Cambodian medical tourists to the subcontinent. Speaking on the sidelines of the Advantage Healthcare India 2017 – a summit for medical […]

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Thailand: Somkid requests low-income job training funding

The government is committed to allocating a higher budget to support low-income earners next year, especially through training programmes to help them improve their employability. Deputy Prime Minister Somkid Jatusripitak said he has asked the Finance Ministry to allocate a bigger budget in fiscal 2018 to finance training programmes dedicated to helping low-income earners learn […]

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Foreign telcos mull entry into Philippines

MANILA, Philippines — Foreign telco players are interested in penetrating the Philippine market, which at present remains dominated by only two – Manuel V. Pangilinan’s PLDT Inc. and Ayala-led Globe Telecom. Australia’s Telstra Corp. Ltd. and China Telecommunications are among the companies reportedly eyeing the Philippine market, several industry and government sources told The STAR over the […]

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