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Income inequality in Malaysia widened even while median household income rose to RM5,873 in 2019, according to latest statistics

KUALA LUMPUR, July 10 ― As the median household income continues to grow in Malaysia, the latest official statistics showed that income inequality in the country has gone up in 2019 when compared to 2016. In the Household Income and Basic Amenities Survey Report 2019 released today, the Department of Statistics Malaysia’s (DOSM) figures showed […]

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Philippines: ‘Peso most stable currency in Asia’

MANILA, Philippines — The Philippine peso has emerged as the most stable currency among its Asian counterparts even amid the uncertainties caused by the COVID-19 pandemic, according to the Department of Finance (DOF). In a report, Finance Undersecretary and chief economist Gil Beltran said the peso remained resilient despite the headwinds faced by the global […]

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Myanmar Consumers Are into Contactless Payment: Visa Survey

Nearly three in four (72 percent) of Myanmar consumers have expressed a clear interest in adopting contactless card payments, according to the Visa Consumer Payment Attitudes Study. The study was conducted by ENGINE insights on behalf of Visa in August 2019 across Singapore, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, and Myanmar. The total sample size […]

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EVFTA to boost cooperation between French and Vietnamese businesses

The Hanoitimes – Vietnam is looking for cooperation with French companies in fields of renewable and green energies, hi-tech, agriculture, manufacturing and processing. With the enactment of the EU – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA), it is expected that more European businesses, French ones included, will be looking […]

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Myanmar Plans to Reopen to Asian Travellers in October

Myanmar, like many other countries, has shut down it’s the tourism industry since the emergence of the Covid-19 and is now planning to relaunch the industry for foreigners by allowing travelers from ASEAN and Asia in the fourth quarter this year, according to the Vice President U Henry Van Thio, who chairs National Committee for […]

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New PPP law to drive Vietnam’s infrastructure development

The Hanoitimes – Prior to the passage of the PPP law, Vietnamese authorities had been struggling to attract private capital to the country’s burgeoning infrastructure sector. A new law on Public-Private Partnership (PPP) will present tailwinds to growth of Vietnam’s infrastructure sector, according to Fitch Solutions, a subsidiary of Fitch Group. On June 18, the Vietnamese […]

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