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Malaysia: Finance minister asks banks to consider abolishing accrued interest on hire purchase loans, profits on fixed-rate Islamic financing during moratorium

KUALA LUMPUR, May 2 — Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today requested that financial institutions consider abolishing the accrued interest on hire purchase (HP) loans, as well as profit from their fixed-rate Islamic financing, during the six-month moratorium period on loan repayments. Taking to his Facebook page today, Zafrul said that though […]

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Thailand: An accidental trader faces shifting winds

Charoen Laothammatas doesn’t aim too high in life. He lives simply and never had dreams of becoming a trader, especially in rice, a highly political crop with a tendency towards price volatility. “When I was young I wanted to be a doctor, but I didn’t have a chance to pursue studies in that field,” says […]

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Thailand: Domestic flights resume with extra safety protocols

Four airlines resumed domestic flights on Friday with unprecedented public hygiene measures to reduce the possibility of Covid-19 transmission. Nok Air, AirAsia, Thai Lion Air and Thai Vietjet Air were allowed to reinstate flights between 14 provinces after a month-long suspension now that the number of Covid-19 infections was falling. The 14 provincial airports are […]

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Philippines: Factory gate prices continue to drop in March

MANILA, Philippines — Factory gate prices continued to drop in March as declines were seen in 15 major industry groups, the Philippine Statistics Authority (PSA) said yesterday. The Producer Price Index (PPI) for manufacturing decelerated to 5.4 percent in March, a faster decline compared with 4.8 percent in February and a reversal of a growth […]

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