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Philippines: Soaring shipping rates to raise import costs

MANILA, Philippines — Prices of imported goods may go up, while exports may face delays as shipping rates continue to soar due to  container shortages and strong demand. Philippine Ports Authority general manager Jay Santiago told The STAR that the average container shipping costs have surged by a dramatic 400 percent from November last year. […]

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Thailand: Hemp goes from zero to economic hero

Hemp, a weed that was long regarded as a forbidden plant and included on the country’s narcotics list, is taking Thailand by storm. Ten categories of goods or products ranging from mouth spray, food supplements, skincare products and energy drinks to painkillers and spa products are cashing in on hemp’s hype after the government legalised […]

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Singapore bank lending up 0.7% in January: MAS data

SINGAPORE’S bank lending rose for the third straight month in January on higher loans to businesses, data from the Monetary Authority of Singapore (MAS) showed on Monday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – climbed 0.7 per cent to S$683.59 billion in January, […]

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Malaysia: M&A uptrend

PETALING JAYA: The pace of mergers and acquisitions (M&As) in Malaysia, which has been affected by the Covid-19 pandemic, is expected to gain momentum going into the second half of the year. According to experts from professional services firms, the positive momentum is expected to be supported by low interest rates, accommodating capital markets and […]

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