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Google Indonesia eyes 10 million SME partners by 2020

Google is eyeing 10 million small and medium enterprises (SMEs) in Indonesia to avail themselves of its business services by 2020. The company had begun to offer training courses for SMEs in Indonesia in 2015 and currently served 1 million SME customers, Google Indonesia marketing head Veronika Utami said on Friday, adding that the participating […]

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Philippines boosts rates despite economic slowdown

The Philippine central bank hiked its key interest rates by a decade-high 50 basis points on Thursday as it moved to curb inflation, while downplaying the impact its action would have on slowing economic growth. The monetary authority acted hours after the government announced a 6.0 per cent growth in the second quarter, a sharp […]

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Thailand: Epac sticking with LPG price limit until 2019

Energy policymakers are maintaining the cap on cooking gas prices at 13.08 baht per kilogramme, equal to 363 baht per 15kg cylinder, until the end of the year.  Thursday’s meeting of the Energy Policy Administration Committee (Epac) approved the resolution despite Saudi Arabia’s reference price rising by 4.5% to US$587 a tonne in August from $562.50 […]

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Malaysia: June IPI rises 1.1pc

KUALA LUMPUR: Malaysia’s Industrial Production Index for June 2018 increased marginally by 1.1% as compared with the same month of the previous year. The growth of IPI in June 2018 was supported by an increase in the Manufacturing index (4.5%) and Electricity index (3.0%).  The mining index, meanwhile, posted a decrease of 9.4% from a […]

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Philippines: Monetary policy ineffective vs supply-driven inflation — NEDA

MANILA, Philippines — An aggressive monetary policy could prevent second-round effects of rising inflation,  but would have little impact on nipping the source of domestic inflationary pressure, the National Economic and Development Authority (NEDA) said yesterday. Socioeconomic Planning Secretary and NEDA Ernesto Pernia said rising inflation is primarily caused by issues in the supply side […]

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