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Foreign banks tap into Vietnam’s retail banking

The Hanoitimes – Retail banking and financial services contributed largely to positive business performance of Vietnamese banking sector in the first half of 2018. A growing number of foreign banks have shifted their  focus on Vietnam’s retail banking sector, while local banks saw positive business performances in 2018.  CIMB Bank, the best retail bank in Malaysia […]

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Cambodia, Thailand single visa

Cambodia and Thailand have agreed to promote the use of single visa for foreign tourits, particularly among those traveling within the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) countries. In the second Cambodia-Thailand tourism Ministers meeting held in Kampot, the two sides said they planned to bring up the idea of using ACMECS single visa for foreign tourists […]

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Malaysia: Domestic demand, private sector to drive growth

KUALA LUMPUR: Despite recording a moderate gross domestic product (GDP) growth of 4.4% in the third quarter (Q3) of this year, analysts and economists remain confident of Malaysia’s future prospects, suggesting that domestic demand and the private sector will be the key drivers of economic growth, going forward. On Friday, Bank Negara announced that the country’s GDP stood […]

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Is an ASEAN currency crisis looming?

The rumblings of a currency crisis are being heard in emerging markets and are only getting louder. Argentina’s Central Bank raised interest rates to 40 per cent to protect its peso in May 2018. When this did little to help, Argentina took out a US$50 billion credit line from the International Monetary Fund (IMF). Turkey stated in […]

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Thailand: New land tax bill nears NLA approval

Deputy Finance Minister Wisudhi Srisuphan has hailed the bill on land and buildings tax, which is on the verge of sailing through the National Legislative Assembly (NLA), as a significant overhaul of the tax structure.  Mr Wisudhi said that once the bill becomes law, it will help boost effective use of land and inject more money […]

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