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ADB lends $400 million to boost Philippines capital markets

MANILA, Philippines — The Asian Development Bank (ADB) has approved a $400-million policy-based loan to support the Philippine government’s efforts to strengthen its domestic capital markets. The multilateral development bank said yesterday that the Support to Capital Market-Generated Infrastructure Financing Program, Subprogram 1, aims to address key constraints that have limited the growth of domestic […]

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Thailand: Rubber glove exports get pandemic boost

Global demand for protective gloves is soaring in light of the coronavirus pandemic, driving Thailand’s rubber glove exports to surge 16% year-on-year in the first four months of 2020. Auramon Supthaweethum, director-general of the Trade Negotiations Department under the Commerce Ministry, said the outbreak has resulted in rising rubber glove demand because the products are […]

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Cambodia: Road tax on vehicles gears up next month

The General Department of Taxation (GDT) has announced that the window for paying vehicle tax will be from next month until November. The deadline for paying not later than Nov 30 or vehicle owners will face a penalty charge. A report noted that tax payments can be made at various banks including ACLEDA Bank, Canadia […]

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Singapore’s Infrastructure Asia, Myanmar ink deal on infrastructure collaboration

SINGAPORE – Singapore’s Infrastructure Asia will identify suitable investors for infrastructure projects in Myanmar, following an agreement inked with Myanmar’s Ministry of Planning, Finance and Industry (MoPFI) on Wednesday (May 27). The agreement will help implement projects in the Myanmar Project Bank, an online database of priority infrastructure investments that are aligned with the country’s […]

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Singapore overall inflation turns negative for first time since late 2016 amid Covid-19 measures

SINGAPORE – With consumption stymied by Covid-19 circuit breaker measures, overall inflation in Singapore turned negative in April for the first time since October 2016 on a sharp drop in car prices, while core inflation slid deeper into the same territory, official data released on Tuesday (May 26) showed. Core inflation, which excludes accommodation and private road […]

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