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Thailand: Alipay predicts jump in mobile payments

Alipay Thailand expects mobile payments made by Chinese travellers in Thailand to surge this year thanks to China’s reopening. During Chinese New Year between Jan 21-27, Alipay mobile app payment volumes made by Chinese visitors in Thailand grew by 150% year-on-year. Chinese visitors stayed in the country for an average of 4.18 days during the […]

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Thailand eyes more mini-FTAs in China

Thailand wants to sign mini-free trade agreements (mini-FTAs) with the Chinese city of Shenzhen and the province of Yunnan in March and April, respectively, after the mini-FTA with Hainan resulted in a significant growth of Thai exports. Commerce Minister Jurin Laksanawisit said that after discussions in Bangkok with Shen Danyang, the executive vice-governor of China’s Hainan province, […]

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Philippine shares close lower on rate-hike worries

MANILA, Philippines — The Philippine stock market fell yesterday as investors stayed on the sidelines ahead of the Federal Reserve meeting The benchmark Philippine Stock Exchange Composite index (PSEi) closed at 6,744.12, down by 34.90 points or 0.51 percent. Likewise, the broader All Shares index slipped to 3,607.75, down by 13.94 points or 0.38 percent. […]

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Malaysia: Bumpy road ahead as exports disappoint

PETALING JAYA: The mixed trade data for Jan 2023 has signalled a bumpy road ahead for exporters and the Malaysian economy in general. Exports performance disappointed the market, after it grew by only 1.6% year-on-year (y-o-y) in Jan 2023, well below the 7.4% forecast by a Reuters poll of 10 economists. The exports growth was […]

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