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Malaysia: Price pressure up

PETALING JAYA: Consumers may need to brace for higher price pressures in the second half of the year, even as the economy continues to struggle due to weak growth prospects. While the electricity bill discount from July to December 2021 would help to somewhat soften the squeeze on consumers’ pockets, economists said inflationary pressure would […]

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Cambodia: Loan reforms now valued at $5.5 billion

The loan restructures for Covid-19 pandemic-stricken customers were valued at $5.5 billion in the first semester of 2021. The scheme has been extended to the end of this year. The National Bank of Cambodia (NBC) said the ratio of non-performing loans was 2.8 percent for banks and 2 percent for microfinance institutions (MFIs). Banks and […]

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Myanmar GDP growth expected to contract 18%

Myanmar’s economy is expected to shrink by 18% in 2021, the World Bank said on Monday, as a result of massive unrest following a military coup and a resurgent coronavirus outbreak. The country has been in turmoil since the military took power in February and launched a bloody crackdown on dissent that has killed more […]

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