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Thailand: BoT poised to make further rate cuts

The Bank of Thailand still has monetary policy space for further rate cuts to cushion the impacts from the Covid-19 outbreak and the central bank will take into account the US Federal Reserve’s emergency rate cut at its upcoming meeting, says a senior official at the Finance Ministry. The rate cut would support the Finance […]

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Stimulus policies to beef up Vietnam’s automobile industry

The Hanoitimes – Fitch Solutions has forecast that Vietnam’s automotive market will remain robust in 2020, as an improved credit outlook and declining vehicle prices all support higher vehicle demand. Vietnamese authorities are mulling a host of favorable policies to help the local automobile industry reduce costs, increase output and drive up demand in order to […]

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Philippines: Peso weakens on virus fears

MANILA, Philippines — The peso shed 47 centavos yesterday to close at a five-month low of 51.5 to $1 from Friday’s 51.03 as the coronavirus disease 2019 or COVID-19 continued to wreak havoc on financial markets around the world. Bangko Sentral ng Pilipinas Governor Benjamin Diokno brushed aside the weakening of the peso, saying the […]

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Cambodia’s construction sector still buoyant

While many sectors globally are facing a serious downturn in their fortunes due to the knock-on effects of COVID-19, Cambodia’s construction industry remains stable, according to the Ministry of Land Management, Urban Planning and Construction. In fact, in a positive piece of news amongst the current gloomy outlook, Seng Lot, spokesperson for the ministry claims […]

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