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Philippines: T-bill rates fall further as inflation eases

MANILA, Philippines — Treasury bills fetched lower rates across all tenors amid easing domestic inflation and expectations of further monetary policy easing in the country and abroad, the Bureau of the Treasury (BTr) said yesterday. During yesterday’s auction, rates for the bellwether 91-day securities averaged 3.254 percent, 14.4 basis points lower than 3.398 percent the […]

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WHAUP keen on water in Vietnam, Thailand

SET-listed WHA Utilities and Power (WHAUP) is optimistic about its water business for industrial estates in Thailand and Vietnam thanks new expansion and investment flows in both countries. Wisate Chungwatana, chief executive of WHAUP, said water sales and services to industrial operators are expected to grow by 23% to 130 million cubic metres per year. […]

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Fitch raises Malaysia 2019 GDP growth forecast to 4.6%

KUALA LUMPUR: Fitch Ratings has revised its 2019 growth forecast for Malaysia to 4.6%, from 4.2%, after the country reported stronger-than-expected growth in the first half. Malaysia’s central bank reported second-quarter economic growth of 4.9% last Friday, making South-East Asia’s third-largest economy the only one in the region to show some acceleration from the first […]

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Myanmar continues coal-plant plans

Coal-fired plants will continue to be in use despite objections by different groups on grounds of health and environmental pollution, Ministry of Electricity and Energy deputy minister U Tun Naing said. He told the Amyotha Hluttaw, the upper house of Myanmar’s national bicameral legislature, that the government intended to go ahead with the construction of […]

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