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Thailand: Tour firm exits peak last month

The pandemic continues to ravage tourism operators as the number of tour companies withdrawing their licences reached its peak in December, while 65-70% of outbound agents closed indefinitely amid the tight border restrictions. Around 10% of outbound operators gave up their licences with the Tourism Department, particularly after the resurgent virus hit local communities on […]

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Singapore may act to cool rising home prices, analysts say

SINGAPORE (BLOOMBERG) – Singapore may be considering another round of measures to cool residential prices, according to market analysts, who see recent ministerial remarks as a signal for the possible move. Comments made by  Singapore’s Deputy Prime Minister and Finance Minister Heng Swee Keat indicate the government is keeping a close watch on property prices, Jefferies Financial […]

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Philippines: Last-minute boost seen as infrastructure spending falls to lockdown levels

MANILA, Philippines — The Duterte administration’s infrastructure spending fell back to lockdown levels in November, but a catch-up likely materialized in the last month of the year, a rebound that would be difficult to sustain in 2021. Direct spending on infrastructure by the national government amounted to P44.3 billion that month, down 25.4% year-on-year, latest […]

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Malaysia: Tough decision ahead for Bank Negara on OPR

PETALING JAYA: Malaysia’s overnight policy rate (OPR) has been at its all-time low at 1.75% since July last year as Bank Negara’s Monetary Policy Committee (MPC) sought to accelerate economic recovery post movement control order (MCO). Ahead of the MPC’s first two-day meeting this year starting on Wednesday, economists are quite divided this time around […]

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