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Malaysia – RAM: Inflation to rise slightly

KUALA LUMPUR: RAM Rating Services Bhd expects Malaysia’s headline inflation to increase slightly to 1.5% in April against 1.3% in March, mainly attributed to a reduction in the negative growth contribution of retail fuel. The rating agency said the average price of RON95 fuel fell only 0.3% year-on-year (y-o-y) in April, compared with a 4.4% […]

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Malaysia says government debt is inflated by 1MDB borrowing

[KUALA LUMPUR] Malaysia’s government debt exceeds RM1 trillion (S$337.9 billion), inflated by borrowing by a state investment company that’s at the center of a multi billion-dollar corruption scandal. Newly-installed Finance Minister Lim Guan Eng told reporters on Tuesday that debt was higher than previously disclosed under the administration of ousted leader Najib Razak, partly masked […]

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Philippines: Peso falls to 11-year low

MANILA, Philippines — The peso continued to weaken yesterday, shedding 13.5 centavos to close at a fresh 11-year low amid the country’s weakening external payments position due to the widening trade and current account (CA) deficits. The local currency closed at 52.465 to $1 yesterday from Friday’s 52.33 to $1. This was the weakest level […]

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Vietnamese businesses’ products to be shown in ThaiFex 2018

The Hanoitimes – The highlight of the Vietnamese delegation at the event will be an ‘organic and nature village’ which will feature a display of a range of Vietnam’s organic products, including dried fruits, rice, processed coconut, and organic milk. Thirty Vietnamese businesses will showcase their products at the THAIFEX-World of Food Asia which is set […]

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