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Bursa Malaysia remains higher at mid-afternoon

KUALA LUMPUR, Aug 17 ― Bursa Malaysia remained in the positive territory at mid-afternoon amid sustained buying momentum. At 3.05pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 16.84 points to 1,519.74 from yesterday’s close of 1,502.90.  The index opened 2.37 points higher at 1,505.27.  On the broader market, gainers led losers 560 to […]

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Thailand: Nod for 7+7 provides cheer

Phuket sandbox and other provinces in the south struggling with ways to reopen for international tourists will be buoyed after the CCSA on Monday nailed down the long-awaited 7+7 extension plan. The reopening plan to add destinations as links to Phuket sandbox have been approved in principal by the Centre for Economic Situation Administration (CESA) […]

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Vietnam to keep CPI growth low by end of 2021

Vietnam looks to maintain a Consumer Price Index (CPI) growth lower than 1 per cent a month during the last quarter of 2021 in an effort to keep inflation under the 4 per cent target for the year,  heard a recent meeting between Deputy Prime Minister Le Minh Khai and the National Pricing Management Committee […]

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Singapore non-oil domestic exports rise at slower pace of 12.7% in July, still beating forecasts

SINGAPORE – Singapore’s non-oil domestic exports (Nodx) rose last month at a better than expected pace, aided by electronic and non-electronic shipments such as specialised machinery, pharmaceuticals and petrochemicals. Nodx expanded 12.7 per cent last month from a year ago, after a 15.9 per cent surge in June. This extends the positive growth trend seen […]

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Philippines: Pre-pandemic GDP seen by next year

The Philippine economy will likely be back to its pre-pandemic level next year but further lockdowns could delay the recovery to 2023, an economist from Rizal Commercial Banking Corporation (RCBC) said. “We’re estimating a return to pre-Covid levels for the economy by the latter part of next year,” Ricafort said in a briefing on Monday. Ricafort said […]

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Thailand: NESDC cuts growth forecast to 0.7-1.2%

The government’s planning unit has downgraded its economic growth forecast for a third time to a range of 0.7-1.2% this year from 1.5-2.5% made in May, 2.5-3.5% made on Feb 15 and 3.5-4.5% growth made in November last year, as Covid-19 cases surge. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), […]

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