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Philippines: Monetary, fiscal authorities vow timely intervention

MANILA, Philippines — Monetary and fiscal authorities vowed swift and timely action amid the extraordinarily volatile markets due to external and domestic headwinds that continue to affect the Philippines. Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said the Financial Stability Coordination Council (FSCC) continues to assess potential risks to the stability of the local financial system. Espenilla, who is also […]

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Myanmar, Thailand ink agreements on airlines, shrimp breeding

Myanmar and Thailand yesterday signed several agreements which further cemented ties between the two countries. These included a bilateral airline agreement, inked at the Myanmar Foreign Minister’s office, as well as a second agreement to improve an existing shrimp breeding zone with the aim of facilitating development in Rakhine State. The agreements were signed after […]

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Malaysia: Ringgit opens lowest in 8 months against USD

KUALA LUMPUR: The ringgit slid further against the US dollar in early trade today, reaching an eight-month low amid escalating tension between Washington and Ankara. At 9 am, the local note was traded at 4.0970/1000 versus the greenback from yesterday’s close of 4.0950/1000. Hermana Capital Bhd Chief Executive Officer and Chief Investment Officer Datuk Nazri […]

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Vietnam: Investors race in opening convenient stores

The Hanoitimes – Foreign investors are racing to bring convenience stores to Vietnam’s nearly untapped market and battling to modernize the chains in a move to find a firm foothold in the potential outlet. Mushrooming stores Vietnam has continuously welcomed new players joining its retail market in the first half of this year. One of the […]

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