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Malaysia is Asean’s most attractive country for foreign investment

KUALA LUMPUR: Malaysia has become the most attractive country in Southeast Asia for foreign investors, driven by the success of attracting more than RM220 billion approved investments in 2021 for the manufacturing and services sectors, according to the 2022 Milken Institute Global Opportunity Index (GIO). Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed […]

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ADB to link Asean+3 central banks

MANILA, Philippines — Manila-based Asian Development Bank (ADB) will make use of blockchain technology to link central banks and securities depositories in the ASEAN+3 region. In a statement, ADB said its latest project targets to make cross-border securities transactions in Asia and the Pacific more efficient and secure through the use of blockchain technology. The […]

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IMF cuts GDP growth forecast for ASEAN-5

MANILA, Philippines — The International Monetary Fund (IMF) has slashed the economic growth forecast for member countries of the Association of Southeast Asian Nations (ASEAN) as the global economy entered 2022 in a weaker position amid higher inflation and the spread of the Omicron COVID variant. In the latest World Economic Outlook, the IMF lowered […]

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