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Thailand among top Alipay ‘Golden Week’ markets

Thailand ranked second globally in terms of transactions using Alipay during “Golden Week” this year, reflecting the popularity of the mobile payment provider among Chinese tourists here. Alipay, the world’s largest mobile payment and lifestyle platform, operated by Ant Financial Services Group, announced on Wednesday a summary of overseas transactions by mainland Chinese during “Golden […]

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Malaysia: Fiscal deficit of 3.2% of GDP projected

KUALA LUMPUR: Standard Chartered Global Research projects a 2020 fiscal deficit of 3.2% of gross domestic product, above the government’s target to narrow the deficit to 3% from 3.4% in 2019. Citing a weaker growth outlook, it added that this should not come as a surprise as the government has hinted at a more gradual […]

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Singapore keeps top spot in South-east Asia IPOs but Thailand, Philippine firms lead revival

SINGAPORE (REUTERS) – Thailand and Philippine companies are leading a regional pick-up in initial public offerings (IPOs), spurred by growing investor interest in firms focused on South-east Asian consumers. Singapore still leads on overall IPOs in South-east Asia in 2019, but it has achieved this mainly through offerings of real estate and business trusts. Asset […]

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Indonesia nickel curbs may push foreign firms away

ORLD nickel prices climbed, while inventory took a tumble, in the weeks since Indonesia’s surprise ramp-up of export curbs in late August. With ore producer Indonesia supplying nearly one-quarter of global nickel, the price of the key industrial metal jumped by 18 per cent between end-August and Sept 2 before “moderating somewhat thereafter”, DBS economist […]

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