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Malaysia: Spike in chicken price due to limited supply triggered by drop in demand, says minister

PUTRAJAYA, June 25 — The increase in chicken prices following the implementation of the Festive Season Maximum Price Control Scheme was due to limited supply after demand declined during the movement control order (MCO). Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Linggi said the demand for chicken plunged when business premises, restaurants, hotels, […]

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Cambodia: Overall development assistance transparency improving

The triannual “Publish What You Fund” international aid transparency index was released on Wednesday, ranking several prominent Cambodian development donors and stating that overall transparency is improving. Launched in 2008, the independently researched index measures how transparent and available development aid data is using 35 indicators. These indicators are then grouped into five components: finance […]

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Philippines: BSP slashes rates by another 50 bps

MANILA, Philippines  — The Bangko Sentral ng Pilipinas (BSP) delivered yesterday another surprising and deep 50-basis-point cut in key interest rates to boost market confidence and further mitigate the downside risks to growth. BSP Governor Benjamin Diokno said in a virtual press briefing that the Monetary Board’s decision to cut the key interest rates brought […]

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Thailand: TM30 reporting rule on foreigners eased

Property owners will no longer be required to report the presence of foreign tenants in their properties as often as they do now, starting from Tuesday. Section 38 of the Immigration Act requires that property or hotel owners who take in foreigners as guests notify officials within 24 hours. The Immigration Bureau has changed the […]

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Thailand: Bubble tourism wears flak

Thailand may have to allow new infections to occur in the kingdom if it wants the economy to get back on track, a health official said on Thursday. Supakit Sirilak, deputy permanent secretary for public health, said the kingdom has gone 31 days without recording new local transmissions. He said the country may have to […]

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Philippines: Hot money outflow highest in 6 years

MANILA, Philippines  — The Philippines suffered in May the biggest monthly net outflow of foreign portfolio investments in more than six years as investors continued to liquidate portfolios and keep money in cash due to heightened worries over the adverse economic impact of the coronavirus disease 2019 or COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas. […]

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