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Cambodia: PPSEZ releases Q4 financial report

The Phnom Penh Special Economic Zone (PPSEZ) saw year-on-year revenue grow by nearly 36 percent to more than $4.2 million, according to its quarterly report released on Monday. The firm reported an unaudited pre-tax profit of $560,793, marking a 26 percent gain over the same period in 2019. Total assets increased slightly to $94.947 million, […]

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Philippines: Citi hikes inflation forecast to 3.6%

MANILA, Philippines — Global banking giant Citi has raised its inflation forecast for the Philippines over the next two years, but expects the Bangko Sentral ng Pilipinas (BSP) to keep rates at an all-time low of two percent until the middle of next year to help the economy recover from the pandemic-induced recession. Citi economist […]

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Vietnam’s industrial export still relies on FDI sector

Vietnam posted an estimated trade surplus of $1.3 billion in January, according to a report recently announced by the Ministry of Industry and Trade (MoIT). Of the figure, the domestic economic sector posted a deficit of 1.8 billion USD while the foreign-invested sector (inclusive of crude oil) ran a surplus of 3.1 billion USD. The statistics showed […]

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Malaysia: Better outlook for banking sector

PETALING JAYA: The economic recovery is expected to bode well for the banking sector with loan growth forecast to pick up pace to 3.8% in 2021 versus 3.4% last year, according to Maybank IB Research. It attributed the growth to stable household loan growth and a pick-up in corporate lending. The research house said loan […]

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