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Malaysia: Ringgit opens higher against US dollar

The ringgit was trading higher against the US dollar early today, still riding on positive investors’ sentiment tracking Malaysia’s manufacturing Purchasing Managers’ Index (PMI) which climbed to 43.4 last month from 40.1 in July 2021. The local note was continuing last week’s uptrend versus the greenback. In terms of weekly appreciation, the ringgit rose by […]

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Philippines 2021 growth seen at 3.5%

MANILA, Philippines — New York-based think tank Global Source Partners lowered anew its 2021 gross domestic product (GDP) growth forecast for the Philippines to 3.5 percent, slower than the revised four to five percent target set by the Development Budget Coordination Committee (DBCC). In a report written by economists Romeo Bernardo and Marie Christine Tang, […]

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Thailand: Perk upgrades urged for 3 new economic corridors

The government needs to revamp investment privileges to support the smooth development of three new economic corridors that are instrumental to increasing investment and rehabilitating the economy over the next 5-6 years, says a central planner. According to Anek Memongkol, deputy secretary-general of the National Economic and Social Development Council, the Northern Economic Corridor (NEC), […]

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